The AIM Gateway Fund is an Australian unit trust and registered managed investment scheme providing investors (including Retail Clients) with exposure to the AIM Global High Conviction Fund (the “AIM Fund”). The AIM Fund is a wholesale unit trust, managed by Charlie Aitken.
Who is Charlie Aitken
Charlie Aitken is the Chief Executive Officer and Chief Investment Officer of the AIM Fund.
Charlie has more than 22 years of equity and futures market experience. He was the author of the “Ringing the Bell” newsletter and previously the “Under the Southern Cross” newsletter. He is an expert contributor to the Switzer Super Report and, previously, Alan Kohler’s Eureka Report. He appears frequently on Australian and global financial media as an expert on Australian equities and global macroeconomic strategy.
Charlie’s career experience includes being a Director and Head of Sydney Sales Trading for Citigroup, Executive Director and Partner of Southern Cross Equities and Executive Director and Board Member of the ASX listed Bell Financial Group.
He is best known for his high conviction, top down and bottom up investment ideas formulated from consistently meeting with listed and unlisted companies, policymakers and regulators.
AIM is the acronym for “Aitken Investment Management”.
The AIM Fund has a team of highly experienced portfolio managers, analysts and traders to ensure the AIM Fund generates maximum portfolio leverage to both domestic and international high conviction investments. Aitken Investment Management Pty Ltd (ACN 603 583 768) is the trustee and investment manager of the AIM Fund (“AIM Investment Manager”). The AIM Investment Manager is supported in its management of the AIM Fund by external legal, administration, taxation and audit service providers.
The AIM Gateway Fund is currently being wound up. A notice was sent to all investors on 21 June 2019. A copy of this notice is attached below under Notices.
Consequently the AIM Gateway Fund is closed to new applications and redemptions.
The Distribution Reinvestment Plan is cancelled for the year ended 30 June 2019. If you have any queries regarding this matter or would like any further information regarding your investment, please contact the manager at firstname.lastname@example.org or alternatively call 1300 522 644.
|NAV Calculation Date||Mid Price $||Buy Price $||Sell Price $|
|30-Jun-2017 - Ex Dist||1.0146||1.0161||1.0131|
|30-Jun-2018 - Ex Dist||1.0322||1.0338||1.0307|
*Ex Distribution has been declared as of 30th June 2018 as $0.005636375 per unit
The timing of the calculation and release of the unit prices for the AIM Gateway Fund is subject to the issue of a valuation statement by the administrators of the AIM Fund. Generally, the valuation statement is issued within 2 to 3 weeks after month end date, however, the timing may exceed 3 weeks for the June valuation report.
The AIM Fund uses a medium-term “top down meets bottom up” strategy. The AIM Investment Manager will identify “top-down” global macroeconomic structural growth themes and will then select, “bottom-up”, the best equities or instrument globally for access to those themes. This may involve Long or Short positions.
The AIM Fund will also allocate capital for short-term opportunistic trading of liquidity events or equity capital markets transactions (including initial public offerings, secondary raisings and block trades).
The AIM Investment Manager will employ stop-loss parameters that are intended to limit the capital drawdown of any losing investment or trading ideas. The AIM Investment Manager will also implement trading strategies aimed at minimising capital losses including moving fully into cash or utilising derivative protection. The AIM Investment Manager intends to “let winners run” and cut losing ideas quickly.
The AIM Investment Manager will target a maximum exposure to any single investment at 15% of the Net Asset Value of the AIM Fund, as at the time of investment.
The AIM Investment Manager employs a high-conviction thematic long-short strategy, investing primarily in global listed equities, as well as selected commodities, currencies and derivatives. The AIM Investment Manager may also choose to move the AIM Fund’s assets entirely to cash during times of extreme uncertainty. The AIM Fund’s investment philosophy is focused on identifying key macroeconomic thematics, finding undervalued securities exposed to such thematics and looking for asymmetric return profiles.
The AIM Fund is a high conviction fund, which means the AIM Investment Manager will make concentrated risk-adjusted investments in its strongest ideas.
The AIM Investment Manager is not constrained to invest in accordance with any benchmark or other index. This flexibility allows the AIM Investment Manager to take advantage of a wide variety of market opportunities. The AIM Investment Manager has the ability to invest in companies across a wide range of market sectors and industries located internationally (including emerging markets). In addition, it has the flexibility of using a variety of listed financial instruments such as equities, commodities and derivatives (including Options), to invest in both Long and Short Positions. Labour standards, environmental, ethical and social considerations are not taken in account in the selection, retention or realisation of investments in the Gateway Fund.
The AIM Gateway Fund is a “feeder fund” which is managed by Sequoia Funds Management Pty Ltd (a corporate authorised representative (no. 001243250) of Sequoia Asset Management Pty Limited (ABN 70 135 907 550, AFSL 341506) and designed to provide investors with returns linked to the performance of the AIM Fund and Cash (net of fees). The Gateway Fund invests almost entirely in the AIM Fund, with the balance held in Cash.
You should read the Product Disclosure Statement (PDS) before deciding to acquire the product. The AIM Gateway Fund (ARSN: 613 156 479) is issued by Theta Asset Management Limited (ABN 37 071 807 684) (AFSL: 230920). A copy of the PDS is available by contacting us on 1300 522 644. Before making any decision to make or hold any investment in the Fund you should consider the PDS in full. An investment in the Fund must be through a valid application form attached to the PDS. You should not base an investment decision simply on past performance. Past performance is not an indicator of future performance. The investment returns and the return of capital from an investment in the AIM Gateway Fund are not guaranteed, and the value of an investment may rise or fall. The information on this webpage is General advice only. General advice is advice which is provided to you without regard to your individual objectives, financial situation or needs. It is not specific advice for any particular investor and it is not intended to be passed on or relied upon by any person. Before making any decision about the general advice provided, you should consider the appropriateness of the general advice presented, having regard to your personal objectives, financial situation and needs and seek independent financial and taxation advice. You should also read our disclaimer at https://www.sequoiaam.com.