Last Updated on: 22nd November 2023, 01:31 am
In an endeavor to establish a globally regulated fintech enterprise, the SA Group is thrilled to unveil the advent of Chronos Trading Limited, a collaborative initiative with the masterminds behind the highly successful algorithmic trading system known as ‘The Chronos Strategy,’ which was conceived in December 2021.
Operating exclusively within the realm of S&P 500 stocks, the world’s most liquid marketplace, The Chronos Strategy has achieved an impressive 118% return in 2022, post the deduction of all fees and charges, all while adopting a zero leverage approach and implementing a meticulous risk management system that allocates only a fraction of the capital into the market.
With the invaluable assistance of management consultancy and capital funding from SA, this well-honed strategy has now been transitioned into a Special Purpose Vehicle (SPV) – Chronos Trading Limited.
Speaking about this collaborative venture, Jon Hammond from Chronos expressed, “With a rich experience of 25 years in trading and regulated investments, we have always been steadfast in our pursuit to deliver substantial risk-adjusted returns with a primary focus on capital preservation. The Chronos Strategy has been honed meticulously over the past 5 years, and we are exhilarated to embark on this partnership with the SA Group, which will contribute to the establishment of a robust regulated enterprise spanning across multiple continents.”
Under this newfound partnership, SA will provide a capital injection of £2.2 million to acquire an established FCA-regulated business with a commendable track record in money management in the UK, along with a full investment management license in the DIFC (the UAE’s equivalent of the FCA).
The envisioned goal for the upcoming year is to solidify Chronos Trading Limited’s position as a global leader in artificial intelligence-driven fintech – a Financial Services Technology Business – and to augment the funds under management to £100 million from institutional clients by December 2024, thereby generating annual revenues of £20 million and creating a business with a market capitalisation surpassing £100 million.
Presently, Chronos Trading Limited seeks the partnership of institutional entities operating in or having a vested interest in the domain of trading and artificial intelligence. Such partnerships are crucial in bolstering its growth by providing cornerstone investments or distribution capabilities within this promising new realm of investment management.
Stuart Anderson, the founder of the SA Group, shared his thoughts, stating, “Our extensive research into international markets has been directed at identifying investment opportunities that possess genuine market differentiators and add tangible value to investor portfolios, be it institutional or private wealth. Hence, we are genuinely thrilled about the potential of fintech in this rapidly emerging era of AI.”
Those intrigued by this novel opportunity are encouraged to get in touch with Chronos Trading Limited at Admin@ChronosTrading.co.uk.
