Ex-Stewart Investors and Fidelity EM pros launch Aikya Investment Management

Launched with backing from Pinnacle IM

Former emerging portfolio managers from Stewart Investors and Fidelity have launched London-based, emerging markets specialist boutique Aikya Investment Management, Investment Week can reveal.

Launching with a flagship Global Emerging Markets absolute return strategy, Aikya has backing from minority equity partner Pinnacle Investment Management, which will provide non-investment support functions to the firm. Pinnacle CEO Ian Macoun told Investment Week in June 2019 that the group was in talks to acquire stakes in UK and European boutiques with the firm set to build out its business across the continent. Commenting on the launch, Macoun said Pinnacle, which now has £20.6bn in AUM across 15 affiliates, had made "great in-roads into the European marketplace", and described it...