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

Delayed Flash Crash Arrest Highlights Difficulties Detecting Fraud

Apr 23 2015 | 7:19am ET

The five years it took regulators to bring high-profile charges against a UK trader...

Lifestyle

Puerto Rico Woos The Rich But So Far Gains Little

Apr 17 2015 | 2:45am ET

Hedge fund manager Rob Rill grins. He has just had word that U.S. financial regulators...

Guest Contributor

Opportunities Ahead: Asian Fixed Income and Currency Markets

Apr 24 2015 | 6:18am ET

For hedge funds focusing on Asia, the policy uncertainty, unclear interest rate...

 

Editor's Note