Ryan Caldwell, former Ivy Funds Portfolio Manager, today announced the formation of Chiron Investment Management LLC (“Chiron”). Chiron will be a boutique, actively managed investment management firm that will seek to generate attractive risk-adjusted returns for its investors. The firm will seek to utilize Caldwell’s proven, highly transparent approach to developing investment themes and positioning client portfolios. Chiron will have offices in Mission Woods, Kansas and New York City.
Caldwell will be the Chief Investment Officer of Chiron. He was most recently Co-Portfolio Manager of the Ivy Asset Strategy and Waddell & Reed Asset Strategy funds. These funds had generated top-tier investment performance versus their peers during his tenure. Caldwell will use an empirically driven process of security selection with a flexible mandate for asset allocation to achieve portfolio growth while minimizing downside risk.
Caldwell said, “I am excited to launch Chiron and to work closely with Enrico, Scott and Marc, who are world-class financial industry executives with proven track records of building highly successful investment businesses. Chiron’s flexible investing process will allow us to make investment decisions steeped in research exploiting behavioral inefficiencies in global securities prices across all market conditions.”
GPS is a New York-based principal investing partnership that provides strategic capital to a range of investment opportunities. GPS makes strategic investments with flexible capital while offering varying degrees of operating expertise and risk management oversight. GPS is led by Marc Spilker, former President of Apollo Global Management LLC and former partner and Co-Head of the Investment Management Division at Goldman, Sachs & Co., Enrico Gaglioti, former Partner and Global Head of Equities Sales at Goldman, Sachs & Co., and Scott Prince, former co-managing partner at SkyBridge Capital Management and former partner at Eton Park Capital Management and Goldman, Sachs & Co. Collectively, GPS’ Principals have over 75 years of experience in the financial services industry, building businesses, recruiting and managing talent, investing capital and managing risk.
Marc Spilker and Scott Prince serve as Chairman and Vice Chairman of Chiron, respectively. Enrico Gaglioti is Chiron’s Chief Executive Officer. Kirsten Pickens will be a Partner at Chiron and the Head of Distribution for the firm. Previously, Pickens served as Senior Vice President, Head of National Accounts and Retirement Sales at Ivy Funds. During her tenure from 2003 to 2015, she built and led the National Accounts Team across all distribution channels, as well as running DCIO sales for the firm. Marc Irizarry is Chiron’s Chief Administrative Officer and Head of Strategy. Previously, Irizarry was a Managing Director at Goldman, Sachs & Co., where he was a top-ranked equity research analyst covering the publicly traded Asset Managers in the firm’s Global Investment Research division.
Spilker, a Managing Partner of GPS, said, “Ryan Caldwell is an exceptional and seasoned investor. Over an extended period of time, through numerous market cycles, Ryan has delivered compelling risk adjusted returns for his investors. He is a focused investor, with a deep understanding of global markets and we are pleased to partner with him. Kirsten is an experienced distribution executive and we look forward to working with her to build the business for the long-term.”
About Chiron Investment Management
Chiron Investment Management Company will be a boutique investment management firm with offices to be located in Mission Woods, Kansas and New York City. The firm will provide investment management services and seek to deliver superior risk-adjusted returns to clients using a behavioral and empirical approach to security selection and asset allocation across asset classes and geographies. Chiron aims to give its clients a high level of transparency and clarity into our products and services. Chiron was founded in 2015 as a joint venture between Ryan Caldwell and GPS Investment Partners.