Track Record

Career and Trading Background and Record

I have a Masters degree in Mathematics at Oxford University, England. I graduated in 1980.

1980 to 1984 I worked for a Life assurance company (Friends Provident)  and a pensions consultancy (Noble Lowndes) as a computer programmer and actuarial trainee. In 1984 I worked for a British Stockbroker as an analyst. This company was taken over by Chase Manhattan.

I was hired by CSFB in London in 1986 as a bond analyst. This developed additionally into arbitrage trading on the UK government bond desk. I also wrote a 400 page book on the UK government bond market which was published by CSFB and subsequently in hardback version in the US.

In 1989 I was recruited by J.P.Morgan to run their UK government bond desk (Sales and Trading). This operation was struggling at the time and they were considering closing it. We managed to stabilize the business and continue operations on a modestly profitable basis. In 1990, I was given the additional responsibility of running the bank's Sterling Fixed Income Investment Portfolio. Subsequently, I also joined the proprietary trading desk when it started in 1993, but left the UK desk to focus solely on position taking. During my time at J.P.Morgan I made substantial profits and was promoted to Managing Director.

In 1997 I resigned from the bank. My wife wanted to return to the US and I wanted to trade my own account.

In 2003 I started Chris Belchamber Investment Management LLC.

I started trading my own capital during 1998. I trade widely for my own account, including futures and options, on bonds, equities, currencies and commodities. This remains a significant focus, and I try to trade client accounts in line with the activity in my own account as much as possible. Fortunately, in recent years a very wider range of products has been introduced to securities markets. It is now possible to trade commodities and foreign exchange, for example, in a way that was not possible just a few years ago.

Conventionally, this was an area reserved for high wealth individuals, and hedge funds were created to provide a service for this additional diversity and risk. However, although there are a handful of very impressive hedge fund managers, these funds are not available to small investors, and in any case are often a high cost, high risk product, unsuitable for many investors.

There are very few highly qualified investment managers that provide a low risk, low cost, high return product for investors, that takes full account of the wide array of opportunities and diversity that is now available to clients. This is what I aim to produce for my clients. 

From 9/26/05 I am recording all client returns with an independent third party software firm called Investigo. Here are the returns from all accounts in aggregate. Client accounts have experienced much LOWER volatility than the S&P 500, yet have achieved HIGHER returns. These are time weighted rates of return calculated by Investigo.

• Performance results are presented net-of-fees and reflect the reinvestment of dividends and capital gains. Advisory fees are fully described in Form ADV Part 2.
  
  
• Past performance may not be indicative of future results. Therefore, no current or prospective client should assume that the future performance of any specific investment, investment strategy (including the investments and/or investment strategies recommended by the adviser), or product made reference to directly or indirectly on this website, or indirectly via hyperlink to any unaffiliated third-party website, will be profitable or equal to past performance levels.
  
  
• All investment strategies have the potential for profit or loss. Changes in investment strategies, contributions or withdrawals may materially alter the performance and results of your portfolio.
  
  
• Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment will either be suitable or profitable for a client's portfolio.
  
  
• Historical performance results for investment indexes and/or categories, generally do not reflect the deduction of transaction and/or custodial charges or the deduction of an investment-management fee, the incurrence of which would have the effect of decreasing historical performance results.
  
  
• Economic factors, market conditions, and investment strategies will affect the performance of any portfolio and there are no assurances that it will match or outperform any particular benchmark.
  
  
• The trading of futures and options involves substantial risks. This high degree of risk can work for or against an investor. The use of a high degree of leverage when investing can result in substantial losses, as well as gains.