The SA Group takes immense pleasure in revealing the inception of Chronos Trading Limited, a pivotal step towards its aspiration of establishing a globally regulated fintech enterprise. This novel endeavor is the result of a strategic collaboration with the creators of the highly successful algorithmic trading system, ‘The Chronos Strategy,’ which came into being in December 2021.
Focusing exclusively on S&P 500 stocks, the most liquid marketplace worldwide, The Chronos Strategy has manifested an astounding 118% return in the year 2022, even after deducting all associated fees and charges. Remarkably, this achievement has been accomplished without utilising any leverage, and the risk management system ensures only a fraction of the capital is deployed into the market.
With the invaluable support from management consultancy and capital funding provided by SA, this exceptional strategy has been encapsulated within a Special Purpose Vehicle (SPV), now known as Chronos Trading Limited.
Jon Hammond from Chronos expressed his thoughts on this joint venture, stating, “With 25 years of experience in trading and regulated investments, we have always possessed a clear vision of delivering significant risk-adjusted returns, all the while prioritising capital preservation. The development of The Chronos Strategy has been a rigorously progressive journey spanning five years, and we are thrilled about this association with the SA Group, which will enable us to establish a robust regulated business spanning multiple continents.”
This new partnership entails SA injecting £2.2 million in capital to acquire an established FCA-regulated business, showcasing a proven track record in money management within the UK. Moreover, the business holds a full investment management license in the DIFC, the UAE’s equivalent of the FCA.
The primary objective for the upcoming year revolves around positioning Chronos Trading Limited as a global frontrunner in AI-driven fintech, aiming to amass £100 million in funds under management from institutional clients by December 2024. This ambitious endeavor is projected to generate annual revenues of £20 million, propelling the business towards a market cap exceeding £100 million.
Chronos Trading Limited now eagerly seeks institutional partners operating within the domain of trading and artificial intelligence. Such partners are pivotal in supporting its growth, either through cornerstone investments or by contributing their distribution capabilities within this emerging frontier of investment management.
Stuart Anderson, the visionary founder of the SA Group, shared his excitement, stating, “Through extensive research of international markets, we have diligently sought investment opportunities that exhibit genuine market differentiators and provide tangible value to investor portfolios, regardless of their institutional or private wealth nature. Consequently, we are brimming with enthusiasm for the future of fintech amidst the rapidly evolving age of AI.”
Interested parties eager to seize this novel opportunity are encouraged to reach out to Chronos Trading Limited at [email protected].
