Former Close team launches Stellar Asset Management
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Stellar Asset Management is a new company launched by ex-Close Brothers investment director Jonathan Gain and a team of his former colleagues.
Chief executive Gain has brought in a team of three former Close employees, including chairman Craig Reader - founder of Close Brothers Investment, property director Stephen McKeever and Gordon Pugh as sales and marketing director.
Its first fund will launch in the coming weeks. It will be property-based, offering investors an opportunity to participate in an emerging European real estate market.
Full details are to be confirmed but the fund's strategy will be to create a diversified portfolio aimed at providing asset growth over the short to medium term, which is expected to deliver returns to investors in excess of 15 per cent a year.
Gain says: "The team at Stellar have a background of launching innovative investment opportunities which had not previously been available to private investors. We will continue this approach with Stellar Asset Management. We want to offer investors the chance to diversify their portfolios with opportunities where significant gains are still capable of being generated.”
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