AIC Limited

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AIC Limited commenced operations in 1985. AIC was purchased in 1987 by Michael Lee-Chin, Chairman, and has assets under management of approximately $7 billion. As of October 2006, Jonathan Wellum has been the Chief Executive Officer.

AIC is a firm specialized in the financial services sector and a strong believer in the use of leverage, they coined the term upvest to try and remove some of the stigma associated with the term leverage.

The firms Motto is Buy, Hold and Prosper, and reflects a belief in purchasing value stocks and holdings them for the long term.

AIC also has a series of Closed ended fund under the Copernican Capital banner.