Aston Hill Snaps Up Hedge Fund Manager Sood

Jun 8 2010 | 10:02am ET

Canadian hedge fund manager Ravi Sood has sold his Navina Asset Management, which runs hedge funds and mutual funds, to Aston Hill Financial.

The C$4.2 million cash-and-stock deal adds Navina’s $225 million in funds to Aston Hill, which could be on the hook for an additional C$1.8 million in payouts depending on the firm’s performance. Sood will remain with the combined firm, with the deal expected to close next month.

“The primary benefits of the acquisition to Aston Hill include the addition of Mr. Sood’s unique talents,” his new employers said.

The move comes just months after Sood arranged for Lawrence Asset Management, where he served as CEO, to acquire Navina. Lawrence founder Jack Lawrence died in a plane crash last summer.


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...