2nd Quarter 2010 Quarterly Commentary

Equity markets dropped sharply during the second quarter of 2010, giving back gains made during the first quarter. Stocks were negatively affected by investors' risk aversion stemming from the European debt crisis and considerable data that suggests that the U.S. economic recovery is losing momentum... Read full article.

Stalled Recovery

The rally that began in early February continued through most of April but promptly reversed course on renewed worries over sovereign debt levels in Southern Europe. The Euro plunged sharply versus the US Dollar as structural issues in the monetary union were exposed. .. Read full article.

2nd Quarter 2010 Quarterly Commentary

The Fund underperformed its Russell Midcap 400 index benchmark during the quarter, and continues to trail it for the year-to-date through June 30, 2010. The biggest detractors from performance during the period were Unisys Corporation, CGG-Veritas, and The New York Times Company... Read full article.

Flight to Safety
Deteriorating economic trends and renewed concerns about sovereign debt in the Euro region led to a global plunge in equities during the second quarter. In the U.S., stocks rose modestly throughout much of April as companies reported strong first quarter earnings. .. Read full article.

The employees of Montag & Caldwell, an investment management firm with $14 billion in assets under management that specializes in growth equity investing, today announced their agreement to buy the Company from BNP Paribas Fortis. Upon closing, employees will own 100% of the firm. Specific terms of the transaction were not disclosed. Download File (39 KB, PDF)

You have managed the mid-cap strategy for more than ten years. What has changed the most during your tenure? What hasn’t changed?
A: Thyra: The assets have grown more than I would have expected eleven years ago. Download File (273 KB, PDF)

Effective March 1, 2010, the following Aston Asset Management (“Aston”) mutual fund (the “Fund”) managed by River Road Asset Management, LLC has been renamed. The investment process, portfolio managers, tickers, and cusips all remain the same. Download File (117 KB, PDF)

Aston Asset Management LLC (Aston) is pleased to announce the addition of a new mutual fund to its family of funds, the Aston/Herndon Large Cap Value Fund (Ticker: AALIX). The Fund opened to new investors on March 31, 2010. Aston Asset Management will act as the investment adviser to the new Fund, while Herndon Capital Management LLC (formerly known as Atlanta Life Investment Advisors), an institutional investment management firm specializing in large capitalization equity strategies, will act as subadviser. Download File (13 KB, PDF)

Affiliated Managers Group, Inc. (NYSE: AMG) today announced the completion of its investment in Aston Asset Management LLC (“Aston”) through the acquisition of Highbury Financial Inc. (OTCBB: HBRF), Aston’s parent company. Download File (23 KB, PDF)