Friday, 22 May 2015
Last updated 6 hours ago
May 5 2011 | 1:31pm ET
Chicago’s Aston Asset Management, advisor to 24 mutual funds with total net assets of $9.5 billion, has launched a new long/short mutual fund.
Aston will act as investment advisor to the new ASTON/River Road Long-Short Fund, with Kentucky-based River Road Asset Management taking responsibility for the day-to-day management of the fund.
River Road portfolio manager Matthew W. Moran and Aston V.P. Greg E. Deuser will run the new fund.
"River Road is well known for delivering value-driven long only equity strategies that employ a bottom-up approach to seeking undervalued securities," said Stuart D. Bilton, Aston chairman and CEO. "This new fund extends River Road's expertise to identifying overvalued securities. We have enjoyed a long and successful relationship with River Road and are very pleased to be partnering with them on the ASTON/River Road Long-Short Fund."
The new fund’s equity investments will consist primarily of domestic common stock but may also include foreign stock, preferred stock, convertible securities and REITs. Instruments such as exchange traded funds, options, futures and other index-based investments may be used to manage its exposure between long and short positions. Cash balances may be significant.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…