Windy City’s Aston Launches Long/Short Mutual Fund

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.

 


In Depth

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Lifestyle

Einhorns Busts At WSOP, Finishes In 173rd

Jul 15 2014 | 10:48am ET

Greenlight Capital founder David Einhorn’s World Series of Poker won’t end at...

Guest Contributor

Common Risk Parity Misperceptions

Jul 16 2014 | 11:02am ET

Over the past few years, risk parity has become a component of most investors’...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note