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Alternative Market Briefing

Australian stock broker Charlie Aitken to launch $300m global conviction hedge fund

Monday, June 15, 2015

Komfie Manalo, Opalesque Asia for New Managers:

Charlie Aitken’s new hedge fund firm, Aitken Investment Management, will start trading next month, with backing from high-net-worth investors. Among them is the wealthy Perth-based Stokes family which has committed $150m as the joint venture partner; Aitken is in the process of raising an additional $150m.

Aitken’s Global High Conviction Fund will be his first hedge fund after making a name for himself as a stock broker and long-term adviser to many of Australia’s wealthiest families and investors, said The Australian.

The 42-year-old fund manager said, "I’ve always wanted to run money — it’s not that well known that being a fund manager is actually in my family. My father John founded the Perpetual Industrial Fund in 1966. That’s been one of the most successful funds in Australian history."

In another report, AFR said Aitken has offices at the MLC Centre in Martin Place, Sydney. His global long-short high-conviction fund will look beyond Australia to invest in global stocks, bonds, currenc......................

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