The firm was founded by Caldwell (pictured below) alongside a number of other partners, including Goldman alum and chief executive Enrico Gaglioti, in July 2015 and launched its first mutual fund, the Chiron Capital Allocation fund, in December that same year.
The multi-asset global allocation fund has been on a tear since launch attracting $988 million, with the firm hitting $1 billion in assets under management within two years of starting up.
In May the firm teamed up with UBS to offer an Ucits version of the strategy and has now
Unlike the Allocation fund, which can invest up to 50% in fixed income and hold up to 50% in cash, the Chiron SMid Opportunities fund will be a pure equity offering.
Cho is a quantitative specialist who is responsible for designing the firm’s proprietary research systems.
Like Caldwell, Sarris was at one time a portfolio manager at Ivy parent Waddell & Read Investment Management but left in 2003 for Kornitzer Capital Management. He has around 14 years’ experience running small- and mid-cap strategies.
The fund will use the same ‘quantamental’ investment approach as the Allocation fund, which combines technology-driven quantitative research to evaluate countries and industry sectors with more traditional fundamental work on companies’ plans and competitive advantages.
The firm filed to register the fund with the Securities and Exchange Commission in July and plans to launch the fund later in October this year.
Caldwell told Citywire: ‘It’s a product my partner Grant Sarris has experience of running at prior shops. It fits really well with our quantamental process. Finding mis-valuation and growth opportunities in small- and mid-caps globally is really interesting, and our quantitative work is doing a lot of the country and sector identification work.
‘We thought it was a unique category. There’s only a handful of global Smid/mid products and we think we bring something a little different to the table using a quantamental equity process.’
To read Citywire's full and exclusive interview with Caldwell, look out for issue 23 of magazine. Subscribe here.