In pursuit of its grand vision to establish a globally regulated fintech enterprise, the esteemed SA Group proudly introduces the inception of Chronos Trading Limited. This new venture marks a joint effort with the masterminds behind the immensely successful algorithmic trading system, ‘The Chronos Strategy,’ which came into being in December 2021.
Focused solely on S&P 500 stocks, the most liquid marketplace in the world, The Chronos Strategy astonishingly yielded a remarkable 118% return in 2022, post the deduction of all fees and charges. This exceptional feat was achieved while employing zero leverage and a risk management system that allocated only a fraction of the capital into the market.
Now, fortified with management consultancy and capital funding from SA, this ingenious strategy has been amalgamated into an SPV, giving rise to Chronos Trading Limited.
Speaking about this momentous joint venture, Jon Hammond from Chronos expressed, “With an extensive 25-year background in trading and regulated investments, we have forged a clear vision on how to achieve significant risk-adjusted returns while prioritising capital preservation. The Chronos Strategy has undergone rigorous development over the past 5 years, and we are elated about this partnership with the SA Group, which will be instrumental in fostering a robust regulated business across multiple continents.”
In this newfound collaboration, SA will provide a capital infusion of £2.2 million to acquire an established FCA-regulated business with a proven track record of managing finances in the UK, coupled with a full investment management license in the DIFC (the UAE equivalent of the FCA).
The primary objective for the upcoming 12 months is to establish Chronos Trading Limited as the premier global leader in AI-driven fintech (Financial Services Technology Business). The aim is to amass £100 million in funds under management from institutional clients by December 2024, thereby generating annual revenues of £20 million and creating a business with a market cap exceeding £100 million.
Chronos Trading Limited is now actively seeking institutional partners operating in or connected to the world of trading and artificial intelligence. Their support, through cornerstone investments or distribution capabilities, will be instrumental in advancing this new frontier of investment management.
Stuart Anderson, the visionary founder of the SA Group, remarked, “Our extensive research into international markets has led us to identify investment opportunities that possess genuine market differentiators and add value to investor portfolios, whether institutional or private wealth. We are, therefore, immensely enthused about the prospects of fintech in the rapidly-emerging age of AI.”
For those intrigued by this exciting opportunity, Chronos Trading Limited encourages reaching out via [email protected].
