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Aston Hill launches two new liquid alternative mutual funds

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Aston Hill Asset Management has launched two new mutual funds – the Aston Hill US Growth Fund and Aston Hill Corporate Bond Fund (formerly Build America Investment Grade Bond Fund). 

Both funds align with Aston Hill's objective of providing Liquid Alternative mutual funds to Canadian investors.

Aston Hill US Growth Fund aims to achieve long-term capital growth by investing primarily in US equity securities, and may also invest, to a lesser extent, in non-US equity securities. Managed by Co-Chief Investment Officer, Jeff Burchell, the US Growth Fund combines fundamental equity research with a variety of option strategies designed to generate income, enhance returns and provide downside protection. The portfolio manager may also employ shorting strategies, within regulatory limitations, to help reduce volatility. The US Growth Fund intends to remain between 80 – 95% invested in equities, providing investors with a means to access Burchell's US equity strategy in a more fully-invested, higher exposure version of his Aston Hill Capital Growth Fund, which typically allocates between 20 – 70% to risk-free assets, including cash.

Aston Hill Corporate Bond Fund aims to generate income and the potential for capital appreciation by investing primarily in investment grade Canadian corporate bonds that are rated BBB- or above, and may also invest, to a lesser extent, in other Canadian and non-Canadian issuers of fixed income securities including high yield corporate debt, floating rate notes, bank loans, convertible debentures, bonds backed by mortgages and other income securities. The Corporate Bond Fund will also employ alternative investing strategies, including derivatives and shorting, within regulatory limitations. The Corporate Bond Fund will be managed by Barry Morrison, CEO of Aston Hill Institutional Partners (a division of the Manager) who has over 30 years of experience managing income-focused portfolios.

"We are launching these funds in response to advisors seeking non-traditional equity and fixed income strategies that provide investors with a unique risk-reward profile regardless of the market environment," says Ben Cheng*, President & Co-Chief Investment Officer. "We believe our approach to using alternative strategies combined with fundamental and quantitative analysis, provides a unique product that addresses the need for lower risk, less correlated portfolios. These two new funds, along with our Liquid Alternative Funds franchise, are intended to be a complement within clients' portfolios that can help lower the overall volatility."

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