Aston Hill Loses Sood Months After Hedge Fund Acquisition

Nov 2 2010 | 2:40am ET

After just three months, hedge fund manager Ravi Sood has left Aston Hill Financial.

Sood, who in January orchestrated the merger of Lawrence Asset Management, for which he managed funds, and his own hedge fund, Navina Asset Management, sold the latter to Aston Hill in August for C$4.2 million. Now, however, he has left the firm to "pursue other interests."

"We had bought Navina with Ravi onboard, but he has left," Aston Hill CFO Larry Titley told the Globe and Mail. "He has just moved on. We are happy to build up our portfolio managers internally."

That statement is in stark contrast to the one made by Aston Hill this summer, when it said "the primary benefits of the [Navina] acquisition to Aston Hill include the addition of Mr. Sood's unique talents."

Aston Hill said that Jeffrey Burchell would take over management of Sood's funds. He will join the firm later this month from Polar Securities.


In Depth

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Star Mountain: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of