Ryan Caldwell will use multiasset approach he employed at Ivy Asset Strategy
July 9, 2015
MISSION WOODS, Kan.–(WSJ)–A well-known portfolio manager who recently left mutual-fund company Waddell & Reed Financial WDR -0.67% is starting an investment firm with backing from some Wall Street heavyweights.
Ryan Caldwell plans to launch his first fund in the fourth quarter of 2015 and will specialize in the same multiasset investment approach he employed at Waddell & Reed, buying a mix of stocks, bonds, commodities and other assets.
The former co-manager of Waddell & Reed’s $24 billion Ivy Asset Strategy Fund formed his new firm, Chiron Investment Management LLC, with GPS Investment Partners, a partnership of three ex- Goldman Sachs Group Inc. GS -0.05% bankers— Marc Spilker, Enrico Gaglioti and Scott Prince.