# Colchester Global Investors

Colchester Global Investors is an Asset Manager based in London, United Kingdom.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** London, United Kingdom
- **Region:** Europe
- **Address:** London, United Kingdom
- **Founded:** 1999
- **Assets under management:** $30B–$40B (Altss estimate)
- **Website:** colchesterglobal.com
- **LinkedIn:** https://www.linkedin.com/company/colchester

## Regulatory record

- **CRD number:** 110985
- **SEC file number:** 801-57116
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/110985

## About

Colchester Global Investors is an SEC-registered investment adviser in London, registered since 2000. The firm manages approximately $24.0 billion in assets. It has 50 employees and 5 investment advisers.

## Sectors

- Fixed Income
- Global Macro

## Offices

- Singapore
- Dubai
- New York

## People

- Ian Sims — Chairman
- Paul Spottiswoode — Chief Investment Officer
- Keith Lloyd — Chief Executive Officer

## Questions

### Who runs investment decisions at Colchester Global Investors?

Chief Investment Officer Paul Spottiswoode leads the investment team from London. Chairman Ian Sims, who founded the firm in 1999, remains active in strategic asset allocation and client relationships. The investment committee operates a consensus-driven process, with regional heads in Singapore, Dubai, and New York contributing to the global macro and sovereign-credit views that drive portfolio construction.

### Does Colchester manage corporate credit or high-yield bonds?

No. Colchester runs a purely sovereign and quasi-sovereign mandate, deliberately avoiding corporate credit, high-yield, and structured products. The firm argues that sovereign balance sheets offer the transparency and liquidity profile its central-bank and sovereign-wealth clients require, and that corporate spreads introduce correlation risks not compensated in a dedicated government-bond strategy.

### How is Colchester compensated, and how does that align with clients?

Colchester charges performance fees tied to absolute returns above a cash-plus-inflation hurdle, not a fixed management fee on assets. This structure means the firm earns significant revenue only when it delivers positive real returns. The compensation model is unusually aligned with the total-return objectives of reserve managers and sovereign funds, who care more about preserving purchasing power than beating a bond index.

### Who are Colchester's typical clients?

The firm's client base is dominated by sovereign wealth funds, central bank reserve managers, and multilateral institutions. Publicly disclosed mandates include relationships with the Reserve Bank of India and the United Nations Joint Staff Pension Fund. Private-wealth and retail channels are absent — Colchester does not market to individual investors or run commingled mutual funds open to the public.

### How does Colchester benchmark its performance?

Colchester deliberately does not manage against standard bond indices like the Bloomberg Global Aggregate. Instead, it targets a cash-plus-inflation absolute-return objective for each managed account. This benchmark-agnostic posture permits concentrated sovereign exposures when valuations diverge from fundamentals — a latitude rarely available to managers measured against index peers.

### Where does Colchester maintain offices, and why?

The firm operates from four offices: London (headquarters), Singapore, Dubai, and New York. The Singapore office, opened in 2009, serves the firm's large Asian sovereign client base; Dubai handles Middle Eastern relationships; New York covers North American mandates. Each office houses portfolio managers who contribute local-market intelligence to the global sovereign-credit process rather than running separate regional books.

## Related profiles

- [Prentiss Smith & Company](https://altss.com/profile/prentiss-smith-and-company-inc)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/colchester-global-investors

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