Former Close property team launches Stellar AM

clock

Four ex-Close property specialists have united to launch Stellar Asset Management and will unveil an Emerging Europe real estate fund in the coming weeks.

The new company was founded by former Close Brothers investment director, Jonathan Gain, who is now chief executive. He felt Close was losing its entrepreneurial spirit as it grew in size and it was harder to launch new products quickly to meet changing client needs. Members of the Close team have now been reunited at Stellar AM including Craig Reader, the founder of Close Brothers Investment as chairman, Stephen McKeever as property director and Gordon Pugh as sales and marketing director. The team will work in the same way as it did at Close by entering into joint partnerships with s...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

US-Iran truce eases inflation picture but markets to experience 'hangover'

US-Iran truce eases inflation picture but markets to experience 'hangover'

Fed and BoE face 'balancing act'

Michael Nelson
clock 15 June 2026 • 3 min read
FCA takes civil action against Neil Woodford and W4.0 for 'operating without authorisation'

FCA takes civil action against Neil Woodford and W4.0 for 'operating without authorisation'

Accused of breaching FSMA

Michael Nelson
clock 08 June 2026 • 2 min read
M&G's PruFund coming to Scottish Widows Platform

M&G's PruFund coming to Scottish Widows Platform

First third-party platform launch

Jen Frost
clock 08 June 2026 • 2 min read