SBAI Welcomes New Stakeholders: Cryder Capital, Heard Capital, General Electric Pension Trust and Machina Capital
General Electric Pension Trust
The GE Pension team is responsible for overseeing global pension assets and acts as a fiduciary for plans including GE Pension Trust (“GEPT”) and the GE Retirement Savings Plan (“RSP”). The team manages all investment activities, including asset allocation, portfolio construction, manager selection and risk management. Assets are invested across all major asset classes, including alternatives such as private equity, private real estate, private credit, and hedge funds.
Cryder Capital Partners
Cryder Capital Partners was founded in 2012 and The Cryder Fund was originally seeded with an investment of $30 million by the General Partner. Funds managed or advised by Cryder have since grown to approximately $2.1 billion, of which 20% represents the General Partner. Cryder invests on behalf of very long duration institutional and sophisticated HNW clients. Cryder has a clear objective, to compound cash flow based intrinsic value at 15% gross IRR or better. This is achieved by investing with a long-term horizon in a concentrated, focussed portfolio of high quality and resilient global public companies, all of which are capable of disciplined cash flow-based analysis and evaluation. Decades of experience in corporate finance, private equity and as investors in public companies has equipped the Cryder Investment Partners with a nuanced understanding of what drives long term compounding and how to optimise a portfolio for those factors. Ferdinand Groos is the Managing Partner of Cryder.
Heard Capital was founded in 2011 and focuses on investing in public equities in the technology, media, telecommunication, financial and industrial sectors. The firm is based in Chicago and has seven employees with approximately $1.2 billion in asset under management as of September 1, 2022. The firm invests with a fundamental approach, identifying investment opportunities based on debates, or key questions within its sectors of focus, and does not run screens. The firm manages its investments via two strategies: a long/short fund and a long-only fund. Both funds invest in an all-cap, factor agnostic, concentrated and long-term manner, typically holding 15-20 securities with an average hold period of 5+ years. Heard Capital seeks to combine position selection, sizing and sell discipline in order to meet its investment objectives over the long term.
Machina Capital is a Paris-based, technology-driven investment management company. Founded in 2017 by a group of experienced proprietary traders, the firm is fully owned by its partners. Specializing in equity market neutral strategies, the company focuses on global equities. Using the latest technologies, and leveraging mathematical and statistical methods, the firm aims at producing superior risk-adjusted returns.
The firm initially secured an exclusive partnership with a renowned investor which provided state-of-the-art support to rebuild its capabilities. Since March 2021, the company opened to external investors, notably through Machina Neutron, its Irish Fund.
Originally founded in 2005, ArielRe is a multi-line, specialty reinsurer meeting the business needs of a diverse client base. It operates principally through Syndicate 1910 at Lloyd’s but also offers access to Lloyd’s Europe via Syndicate 5336.
Ariel Re provides its clients with a broad range of innovative reinsurance solutions and services through its offices in Bermuda, London and Hong Kong.