Sequoia Financial Group has struck a partnership deal with Aitken Investment Management (AIM) that will offer retail investors exposure to the latter’s wholesale only fund.
The AIM Gateway Fund has been launched through Sequoia affiliate Sequoia Funds Management (SFM), in collaboration with Aitken’s global high conviction fund that is managed by Charlie Aitken.
Aitken Investment Management executive director, CEO and CIO Charlie Aitken said: "It is really exciting to have formed this exclusive relationship with Sequoia who has a strong retail presence and growing footprint in the Australian financial services sector.
“Both Sequoia and AIM have recognised that there is a huge opportunity in providing retail investors with access to this unique fund, and AIM Gateway Fund will be the only way for them to do that."
Sequoia said that its foray into the funds management space was driven by the success of its specialist investments unit that has been which has been providing financial products for retail and wholesale customers since 2010.
“By arranging the launch of this service with AIM, Sequoia is once again making innovative investment themes available to many Australian retail investors,” Sequoia stated.
Sequoia managing director and CEO Scott Beeton said: "Through the launch of Sequoia Funds Management and the AIM Gateway Fund, retail investors now have an exclusive opportunity to gain exposure to the AIM Global High Conviction Fund which to date has only been available to wholesale investors."