A pair of Ivy Funds veterans have galloped off and teamed up with some Goldman Sachs and private equity alumni to launch a new mutual fund shop, with a mythological character as a namesake.
Today Ryan Caldwell
, former co-PM of Ivy's flagship Ivy Asset Strategy
go-anywhere fund who left
Ivy a year ago, unveiled the creation of Chiron Investment Management
. In Greek mythology, the centaur Chiron was a great healer and a trainer of a host of famous demigod heroes like Achilles, Hercules, and Perseus.
Chiron, with offices in Mission Woods, Kansas and New York City, is a joint venture between Caldwell and GPS Investment Partners
, also in New York. Caldwell serves as Chiron's chief investment officer. Kirsten Pickens
, who served as senior vice president and head of national accounts and retirement sales at Ivy before leaving
last month, serves as a partner and as head of distribution at Chiron.
, one of the three leaders of GPS, serves as chairman of Chiron; he also was president of Apollo Global Management and co-head of Goldman's investment management division. The second GPS leader, Scott Prince
, is Chiron's vice chairman; Prince previously served as co-managing partner at SkyBridge Capital Management and as partner at Eton Park Capital Management and at Goldman. And the third GPS principal, Enrico Gaglioti
, is Chiron's CEO; he previously served as a partner and as global equities sales chief at Goldman.
Chiron's chief administrative officer and strategy chief, Marc Irizarry
, also previously hailed from Goldman: he was a managing director and an equity research analyst covering publicly-traded asset managers.
Matt Wirz of the Wall Street Journal reports
that Caldwell plans to launch Chiron's first mutual fund, a go-anywhere one, next quarter.
Neil Anderson, Managing Editor
Stay ahead of the news ... Sign up for our email alerts now