Aurora Funds Appoints New Senior Portfolio Manager

Aurora Funds Management Limited, a fully owned subsidiary of Keybridge Capital, is pleased to announce the appointment of Hugh Dive as a Senior Portfolio Manager. Hugh will work with the existing investment team, focusing on the Aurora Dividend Income Trust and the Aurora Property Buy-Write Income Trust. This appointment is a demonstration of the group’s ongoing expansion and commitment to providing risk adjusted returns to investors.

“Aurora offers retail investors access to liquid institutional-grade investment funds listed on the ASX, with ten year track records of delivering high and consistent income to investors, whilst reducing the risk of capital loss through employing novel derivative strategies. I’m excited to have the opportunity work together with the experienced and well-regarded Aurora investment team” Hugh said.

Prior to joining Aurora Fund Management, Hugh was Head of Listed Securities at Philo Capital and responsible for managing over A$1 billion in three strategies: Core Australian Equities, Listed Property and Interest Rate Securities. Hugh was also previously Head of Basic Materials at Citigroup Investment Research and in the 2011 Reuters StarMine Equity Analyst Awards, he was rated 5th overall amongst Australian analysts for stock-picking. Hugh has extensive portfolio management experience gained at Investors Mutual and at CC&L Investment Management in Vancouver, Canada’s largest independent fund manager. Hugh holds bachelor degrees in both Economics and Law from Sydney University, Canadian Securities Course (Honours) and is a CFA charter holder.

“I see that valuations in global equity markets are looking stretched and that prevailing interest rates provide insufficient income to satisfy the requirements of most investors. Consequently Aurora’s Dividend Income Trust and Property Buy-Write Income Trust will clearly appeal to investors interested in generating a high yield on their capital, but who are also concerned about limiting the risk of capital losses” .

His appointment followed the employment of Stephen Karrasch as Aurora’s new head of distribution and the sale of the funds management business to Keybridge Capital. CEO Simon Lindsay said “The balance sheet strength of Keybridge continues to gives Aurora the confidence to invest in additional investment talent to support the existing staff and improve the quality of the Aurora’s investment offer”.

Aurora manages funds of approximately $150 million on behalf of over 2500 retail investors.

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