Aurora Investment Trust ("Aurora")
LEI No: 2138007OUWIZFMAGO575
Phoenix Asset Management Partners appoints Frostrow Capital as distribution partner on Aurora Investment Trust plc
London, 22 January 2018 - Phoenix Asset Management Partners, the portfolio manager of Aurora Investment Trust plc (LSE: ARR), has appointed Frostrow Capital LLP as its marketing and distribution partner. Frostrow Capital will provide services to enhance Aurora's engagement with current and potential investors, analysts, independent financial advisers and central research teams, among others.
Gary Channon, Chief Investment Officer of Phoenix Asset Management Partners, said: "Phoenix took over management of Aurora in January 2016. Since then Aurora has grown assets from £15m to £90m and shareholders have enjoyed returns of +36%. The appointment of Frostrow is another step in the development of the fund, making it accessible to more investors."
David Harris, Head of Distribution at Frostrow Capital, added: "We are excited to partner with Aurora, which we believe offers investors a unique way of participating in the UK stock market. Aurora's depth of research, highly focused portfolio approach and innovative fee structure make it a compelling proposition for investors seeking differentiated long-term performance. Working with brokers Liberum Capital and public relations consultancy Maitland, we will work to get Aurora's message out to a wider audience in order to broaden and diversify the shareholder base."
Frostrow Capital LLP is an independent investment companies group and Alternative Investment Fund Manager (AIFM), specialising in providing services to a growing number of leading London Stock Exchange-listed investment companies, whose combined assets amount to approximately £7.3 billion. Founded in 2007, Frostrow Capital is an owner-managed and FCA-regulated firm with a core team whose combined investment company experience exceeds 120 years.
For more information about Frostrow Capital, please visit www.frostrow.com.
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About Phoenix Asset Management Partners
Phoenix Asset Management Partners is a specialist fund management company. Founded in 1998 and based in Barnes, London it manages the £820m AUM Phoenix UK Fund and segregated accounts using the same strategy as Aurora Investment Trust plc.
Gary Channon is the Chief Investment Officer and has been so throughout Phoenix's history. Before founding Phoenix in 1998, he was Co-Head of Equity and Equity Derivatives at Nomura International. He worked at Nikko and Goldman Sachs before Nomura.
Phoenix UK Fund: since inception in 1998, after fees, investors have earned an annualized 10% (FTSE All Share Index annualized 5.5% over the same period).
Aurora Investment Trust plc has been managed by Phoenix Asset Management Partners since January 2016, during which time the trust has grown from a market capitalization of £15m to £90m as at 18 January 2018.
For more information about Phoenix Asset Management Partners, please visit www.phoenixassetmanagement.com.
Enquiries:
Phoenix Asset Management Partners
Tristan Chapple 0208 600 0100
Liberum Capital
Chris Clarke 020 3100 2190
Anastasia Mikhailova 020 3100 2259
Frostrow Capital
David Harris +44 (0)203 427 3835
Frostrow Capital, Distribution (London)
[email protected]
Maitland
William Clutterbuck +44 (0) 207 379 5151
[email protected]
