For far too long, initial public offerings have been Wall Street’s best kept secret, with only the ultra-high net worth investors getting a piece of the action. Charterhouse Private Equity has changed all that. We take a closer look at the London based firm and what they can offer retail investors around the world.
James Carter, Chief Investment Officer at Charterhouse Private Equity said: “Since we started out ten years ago, the foundations of our private client division were built on one singular belief; here at Charterhouse we firmly believe that everybody deserves access to the best information to make money, that the best information should NOT be reserved only for the institutional investors and their ultra-high net worth clients.”
At fifty years of age, Carter still cuts a fine figure of a man despite having worked for twenty-five years amongst the cut and thrust of Wall Street, trading at the highest level. Carter is known for his (some might say) genius, cavalier style, placing multi-million-dollar-trades which the more conservative investors amongst us, would consider to be outlandish to say the least. Yet he continues to consistently outperform the S&P 500, with his ten-year average topping an enviable 38.7% (results published in Q1 2020 by KPMG). The ex-Goldman Sachs non-executive Director and close confidante to Warren Buffet, seems to know something we don’t. Many investors have shadowed his trading strategies relentlessly over the past two decades, copycatting his trades. All of whom are now very wealthy individuals indeed.
Carter continued; “I decided to act as Chief Investment Officer and non-executive Board Director at Charterhouse, as a kind of experiment. Now I have made my fortune several times over, I wanted to share my market knowledge and expertise with the retail investor. After-all, it’s the retail investor who needs the best information to make money, way more than some fat cat oil baron in Texas, who has already amassed a few billion, for example. As a result of my career and years of trading at the highest level, I have made friends in high places and it’s easy for me to get access to the best deals and information through my contacts on Wall Street. Deals that the retail investor just simply cannot find for himself. And if I can turn a young family’s fifty thousand dollar savings, into one million dollars in a year or so, then at my time of life, that gives me a lot more satisfaction than adding another $100 million to some billionaire’s portfolio. That’s how I get my kicks now, in the marketplace.”
And it has to be said Carter is not wrong. Those who have invested with his firm Charterhouse Private Equity, have seen fantastic results over the last decade or so. In fact, it’s recently become a widely known fact that Charterhouse now enjoys a waiting list of clients all vying to get on the firms books. As one would be client put it; “A business colleague of mine put me on to Charterhouse nine months ago and I’ve been trying to get “a seat at their table” ever since. I think I’ve actually got more chance of getting an audience with Her Majesty the Queen than opening a trading account with Charterhouse!” And although this might be a somewhat of an overstatement, one gets the point.
More recently Charterhouse has been reaching out to clients in the Oceanic region. “Australia and New Zealand’s investment fraternities are woefully under catered for when seeking out strong investment opportunities” said Carter. “The big four banks over there have been super greedy over the past twenty years and as a result they were “hauled across the coals” by the Royal Commission in 2017. Big fines were levied upon them and as a result it’s the Australian and New Zealand retail investors, who are now paying the price. We are currently opening our doors to investors from those regions to right the wrongs that have been enacted upon them in the past. Since we launched our marketing campaign over there at the beginning of this year, we now have some very happy clients from those regions.”
So, it seems in that in conclusion, if you want to get your foot in the door with Charterhouse Private Equity right now, where their last recommendation made their clients a fantastic 68% return, you’d better polish up your Aussie accent.