Ex-Stewart Investors and Fidelity EM pros launch first Aikya fund

$140m seed capital

Aikya Investment Management has launched its first UCITS fund since the boutique was founded by former emerging market portfolio managers from Stewart Investors and Fidelity earlier this year.

The Aikya Global Emerging Markets fund, has launched with $140m of seed capital, and will invest in mid- and large-cap equities, with the aim of providing a total return in excess of the MSCI Emerging Markets index (USD). A UCITS ICAV pooled fund, the fund is managed by former Stewart Investors portfolio managers Ashish Swarup and Tom Allen, and ex-Fidelity portfolio manager Rahul Desai.   Aikya, which means "oneness" in Sanskrit, was launched in May with Australian asset management house Pinnacle backing the firm with a minority equity stake and providing non-investment support funct...