The esteemed SA Group takes immense pleasure in revealing the establishment of Chronos Trading Limited as a pivotal step towards its vision of creating a globally regulated fintech enterprise. This novel venture is a collaborative effort with the team behind the triumphant algorithmic trading system ‘The Chronos Strategy,’ which was formulated in December 2021.
Exclusively operating on S&P 500 stocks, the world’s most liquid marketplace, The Chronos Strategy has yielded a remarkable 118% return in 2022, even after factoring in all fees and charges, and all this was achieved without employing any leverage. The system incorporates a risk management approach that allocates only a fraction of the capital into the market.
Now, with the valuable backing of management consultancy and capital funding from SA, this exceptional strategy has been incorporated into an SPV, known as Chronos Trading Limited.
Commenting on this joint venture, Jon Hammond from Chronos expressed, “With 25 years of involvement in trading and regulated investments, we have always had a clear vision of delivering substantial risk-adjusted returns while prioritising capital preservation. The rigorous development of The Chronos Strategy over the past 5 years has culminated in this exciting collaboration with the SA Group, which will play a crucial role in establishing a robust regulated business spanning multiple continents.”
Under this new partnership, SA will provide £2.2 million in capital to acquire a well-established FCA-regulated business with a proven track record in managing funds in the UK, as well as possessing a full investment management license in the DIFC (the UAE equivalent of the FCA).
The primary goal for the next 12 months is to establish Chronos Trading Limited as a global leader in AI-driven fintech (Financial Services Technology Business), aiming to grow funds under management to £100 million from institutional clients by December 2024, generating annual revenues of £20 million, and creating a business with a market cap exceeding £100 million.
Chronos Trading Limited is currently on the lookout for institutional partners who are either involved in or have a commercial interest in the world of trading and artificial intelligence. Such partners are expected to contribute cornerstone investments or distribution capabilities to bolster growth in this new frontier of investment management.
Stuart Anderson, the founder of the SA Group, remarked, “Our exploration of international markets to identify distinctive investment opportunities that add value to investor portfolios, whether institutional or private wealth, has led us to be incredibly enthusiastic about the prospects of fintech in the rapidly emerging era of AI.”
Anyone intrigued by this new opportunity is encouraged to get in touch with Chronos Trading Limited at [email protected].
