Regal Partners nabs Charlie Aitken

Regal Partners has confirmed that high-profile stockbroker Charlie Aitken is joining its sales team as investment director.

Aitken joins from Bell Financial where he returned a year ago after his former fund management business - Aitken Investment Management - was sold in a management buyout.

He ran investments at AIM Funds for seven years.

The firm is now called Constantia Investment Partners.

Previous roles include head of sales for Citigroup and executive director and partner of Southern Cross Equities.

The well-connected stockbroker is best known for his high conviction bets.

Last year, he argued that Regal's status as an alternative asset manager with a solid record of long-short returns would make it stand out when listed asset managers were facing tough conditions.

Meantime, the alternatives specialist has also recruited Joseph Tobias from JP Morgan Asset Management as investment director of private wealth.

Tobias joined JP Morgan as a key account manager in 2015.

Before that, he was a regional manager at Zurich Financial Services, a senior business development manager at Perpetual and a financial planner at Commonwealth Bank.

Separately, Regal Partners this week said it would acquire 50 per cent of Taurus Funds Management for an upfront cash payment of $28 million.

The transaction will increase Regal's funds under management to $8 billion.

The alternatives asset manager is also in merger talks with PM Capital.