Principals: Ian Sims, chairman and CIO; Mamak Shahbazi, president of U.S. operations; Keith Lloyd, investments principal; Eddie Wong, risk management principal
Style: Global bond manager
AUM as of Sept. 30: $1.8 billion
Three-year performance: 19.1%
Benchmark (Citigroup World Government bond): 10.5%
Three-year alpha: 8.69
Ian Sims, Colchester's founder, started the firm three years ago after leaving Delaware Investment Advisers, Philadelphia, where he managed bond portfolios. Keith Lloyd joined from the World Bank, where he was a bond portfolio manager. Mamak Shahbazi came over with Mr. Sims from Delaware; Eddie Wong joined in 2000 as well, from the Korea Development Bank.
The firm aims to outperform the market by buying undervalued bonds. It invests primarily in sovereign securities, said Ms. Shahbazi, including the debt of the governments of Norway, New Zealand, Poland and Singapore.
Colchester is one of two boutique firms partially owned by Silchester International Investors Ltd., London. (The other is Sanderson Asset Management, London, which specializes in active international equities.)
The firm is based in London, but its clients are primarily from the United States, sources said.
Information about the firm is closely held. "We are very publicity shy," said Ms. Shahbazi.
No consultants interviewed in London had any detailed knowledge of the manager.