Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013

13191

Aston/River Road Long-Short Fund exceeds USD100m in assets

RELATED TOPICS​

The Aston/River Road Long-Short Fund has exceeded USD100m in assets under management as of 23 July 2013. 

 
The fund was launched on 4 May 2011. 
 
River Road Asset Management, sub-adviser to the fund, is an institutional asset management firm based in Louisville, Kentucky, specialising in value-oriented equity investment management.
 
"We are very pleased to announce this exciting milestone for the Aston/River Road Long-Short Fund," says Stuart D Bilton, chairman and chief executive officer of Aston. "The fund has received significant interest from advisors. Now that the USD100m threshold has been reached, the fund will be available on more mutual fund platforms, opening up additional opportunities for investors."
 
The fund seeks to provide absolute returns with reduced volatility by investing in long and short equity securities.  Equity investments 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.  In the pursuit of equity-like returns, the portfolio managers follow a strict, layered risk management process that systematically reduces net equity exposure during adverse market conditions.
 
Matthew W Moran (pictured) and Daniel Johnson serve as the fund’s portfolio managers. Moran is the lead portfolio manager of River Road’s long-short equity portfolio and Johnson is a portfolio manager for the strategy.    
 
"We have enjoyed a long and beneficial relationship with Aston through the opening of six mutual funds together," says R Andrew Beck, president and chief executive officer of River Road. "We are delighted with investor response to the Aston/River Road Long-Short Fund and look forward to its continued success."

Latest News

GAM Investments and Sun Hung Kai & Co, a Hong Kong-based alternative investment firm, are..
PwC’s Global Entertainment & Media Outlook 2024-28, covering 13 sectors across 53 countries and territories,..
London-based Nickel Digital Asset Management (Nickel) writes that it has delivered a record first half..

Related Articles

Green energy
2024 has been the strongest ever year for green bond sales, with deals topping USD356 billion in the first six months, according to research from Bloomberg...
2024 has been the strongest ever year for green bond sales, with deals topping USD356 billion in the first six..
infrastructure headline
The new Labour government has launched a GBP7.3 billion National Wealth Fund which will target private capital to support the UK’s growth ambitions...
The new Labour government has launched a GBP7.3 billion National Wealth Fund which will target private capital to support the..
Tom McPhail, lang cat
Today’s news of a landslide victory from the UK’s Labour party, finds that the markets had mostly factored in a widely predicted Labour win...
Today’s news of a landslide victory from the UK’s Labour party, finds that the markets had mostly factored in a..
Pensions might not feature at the top of the political parties’ manifesto promises this election, but their role in driving the UK’s growth ambitions is increasingly on investors’ agendas...
Pensions might not feature at the top of the political parties’ manifesto promises this election, but their role in driving..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by