Aston Hill Asset Management Inc. has launched two new mutual funds: Aston Hill U.S. Growth Fund and Aston Hill Corporate Bond Fund (formerly Build America Investment Grade Bond Fund).
Aston Hill U.S. Growth Fund aims to achieve long-term capital growth by investing primarily in U.S. equity securities, and may also invest, to a lesser extent, in non-U.S. equity securities. Managed by co-chief investment officer, Jeff Burchell, the 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 U.S. Growth Fund intends to remain between 80%-95% invested in equities.
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 fund will also employ alternative investing strategies, including derivatives and shorting, within regulatory limitations. It will be managed by Barry Morrison, CEO of Aston Hill Institutional Partners.