We are a young partnership building on the lessons of the great historical practitioners.
The TB Chawton Global Equity Income Fund is launched in the UK as a UCITS compliant Open-Ended Investment Company (OEIC). The objective is set to invest in a concentrated portfolio of global equities that exhibit high and sustainable returns on capital, where management are able to allocate capital to grow value per share and to provide a meaningful and growing income stream.
Crawford resigns from his role of managing a $6 billion global equity fund to found Chawton Global Investors LLP. His vision is to be part of a new wave of active managers characterised by a long-term approach, who focus on the quality of businesses that underly quoted equities rather than short term share price movements and who incorporate sustainable investment principles into their investment philosophy.
The Paris Agreement on climate change is signed. Nearly all nations pledge to set targets for their own greenhouse gas cuts and to report their progress.
Entering the industry
Crawford enters the Fund Management Industry joining Morgan Grenfell Asset Management after completing an MBA at Cranfield School of Management. Prior to that he worked at KPMG in London and Hong Kong.
Warren Buffett publishes “The Super-investors of Graham-and-Doddsville’ based on a speech he gave describing a group of active managers who all put together outstanding investment track records. The common factor connecting them was that they all had followed the teachings of Ben Graham and David Dodd at Columbia University. This countered the prevailing academic assertion that all markets are ‘efficient’ so active managers can only outperform through luck and heavily influenced the founder of Chawton Global Investors; Michael Crawford
Ben Graham publishes The Intelligent Investor, the seminal book on value investing.