Aston Hill Launches Two New Liquid Alternative Funds

Mar 27 2015 | 11:12am ET

Canada’s Aston Hill Financial has launched two new mutual funds, Aston Hill U.S. Growth Fund and Aston Hill Corporate Bond Fund. The new funds are the latest vehicles to join Aston HIll's stable of liquid alternative funds.
 
The company’s U.S. Growth Fund aims to achieve long-term capital growth by investing primarily in U.S. equity securities. Managed by co-Chief Investment Officer Jeff Burchell, the fund also relies on option strategies designed to generate income, enhance returns and provide downside protection, and may go short within regulatory limits to reduce volatility. The fund is designed to provide investors with a liquid way to access Burchell's Aston Hill Capital Growth Fund.
 
The company’s Corporate Bond Fund aims to generate income and the potential for capital appreciation by investing primarily in investment-grade Canadian corporate bonds rated BBB- or better, as well as high yield corporate debt, floating rate notes, bank loans, convertible debentures, mortgage-backed bonds and other income securities. 
 
The fund, managed by Aston Hill Institutional Partners CEO Barry Morrison, will also employ alternative investing strategies, including derivatives and shorting, within regulatory limitations. 
 
In a press release, Ben Cheng, President & Co-Chief Investment Officer of Aston Hill, cited continued demand from RIAs for non-traditional equity and fixed income strategies for the launches. 
 
Aston Hill is a publicly traded asset management firm headquartered in Calgary. The firm manages over $6 billion across a range of investment vehicles, including liquid alternatives, closed-end funds and hedge fund strategies.

In Depth

Q&A: Portfolio Advisors' Brian Murphy On The Advantages of A Private Markets Platform

Jan 2 2018 | 11:05am ET

Most private markets firms reference their platforms as a source of competitive...

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

Steinbrugge: The Top Hedge Fund Industry Trends for 2018

Jan 2 2018 | 12:22pm ET

Each year, Don Steinbrugge’s Agecroft Partners compiles the insights gained...