Stockpicker Hugh Dive has struck out on his own after the messy debacle of Aurora Funds Management.
It is understood Dive has set up a new investment manager, Atlas Funds Management, and has set up shop on Sydney's Castlereagh Street.
Dive is expected to launch Atlas' first fund - Atlas High Income Property Fund - this quarter and target it at wholesale investors. It is expected to be followed by a long/short equities fund later in the year.
DIve is well known in financial markets as a former stockpicker at Aurora and Philo Capital, where he was head of listed securities and responsible for managing more than $1 billion.
He was also previously head of basic materials equities research at Citi.
The new venture comes after a messy corporate tussle at Aurora, which saw it change hands last year and a foiled attempt to sack the responsible entity overseeing a handful of Aurora funds.
Dive managed the Aurora Dividend Income Trust and Aurora Property Buy-Write Income Trust.
