Aston Hill Financial has completed a transaction with Front Street Capital 2004 and Tuscarora Capital to combine their respective companies, creating a new independent asset management firm LOGiQ.
Effective immediately, Joe Canavan is the new chief executive officer of the company and the board of directors is now comprised of Dr Eldon Smith, Nevin Markwart, Catherine Best and Donna Toth, together with Canavan.
"We see tremendous opportunity for a strategic, technology-driven, active management firm in the current environment," says Canavan. "LOGiQ is committed to ensuring that all investors have access to the insight and execution required to produce consistently superior returns employing sophisticated investment strategies."
The company has changed its name to LOGiQ Asset Management, which it says reflects its “logical, intelligent investment philosophy and realignment of the portfolios”.
It is expected that the common shares of the company will commence trading on 14 December 2016 under the new name and ticker symbol LGQ.