News

Mutual fund investors need to focus more on building practical portfolio construction skills instead of relying on detached academic theory... Read full article.

From his perch in the Ivory Tower, the Yale University Chief Investment Officer's perspective on mutual funds misses the mark... Read full article.

Given the return of turmoil to equity markets recently, investors may be grappling with whether to become more aggressive or defensive at this juncture. For many, it is tempting to opt for the former based on the perceived low valuation levels of the broad market S&P 500 Index using consensus earnings estimates for 2012... Read full article.

Manager Insight - Neptune Investment Management - Update on Japan Download File (203 KB, PDF)

Montag & Caldwell Investment Counsel Download File (335 KB, PDF)

Lake Partners brings experience and insight to the world of alternative investing. Download File (446 KB, PDF)

London-based Barings Seeks to blend top-down and bottom-up research to maximum effect. Download File (419 KB, PDF)

Amid a period of heightened volatility within equity markets, investors can't be faulted for seeking an alternative to traditional long-only stock strategies. Stock prices have swung wildly the past three years as investor sentiment has shifted back and forth between euphoria, panic, and even indifference as a result of the financial crisis and stalled economy. Download File (435 KB, PDF)

After rising almost uninterruptedly since the trough in March 2009, stocks declined in May. Weakness was widespread with large cap and small cap stocks falling similar amounts. Sector weakness was more severe in the commodity sectors, namely energy and materials, with the only exception being precious metals. Download File (134 KB, PDF)

What is an Alternative investment? An alternative investment is considered to be any investment made outside of one of the three traditional asset classes—stocks, bonds, or cash. Download File (358 KB, PDF)

Montag & Caldwell adheres to investment principles focused on sustainable earnings growth. Download File (213 KB, PDF)

Ah, the investment style box. It's so enmeshed in today's framework of investment analysis it's easy to forget that this common sense tool has only been around for less than two decades. In that time, however, it has evolved from a classification system for comparing performance among managers to an often-used part of asset allocation models seeking diversification through style and market-capitalization. Download File (142 KB, PDF)

The second massive correction in equity markets in less than a decade is causing major soul searching on the part of investors. Unlike the 2000-2002 bear market, the current severe market setback has struck virtually all asset classes in reaching across every region of the globe. As a result, many are once again questioning the wisdom of risk models based on efficient theories of markets and simplistic statistical assumptions. Download File (198 KB, PDF)

Commentators often break down asset managers into two camps—value and growth. Although conventional wisdom has it that value managers buy stocks at bargain prices and growth managers prefer companies growing earnings faster than average, as with most things the reality is a bit more complex. Download File (114 KB, PDF)

By now, most investors are well aware of the benefits of diversification in constructing a portfolio. In mixing different asset classes and investment styles—small-growth or large-value classifications, for example—investors seek to maximize their return while attempting to minimize risk. Unfortunately, for many the concept of diversification works better in theory than in practice. Download File (100 KB, PDF)

Famed investor Warren Buffett is often cited as having two general rules of investing, "Rule number one: Never lose money. Rule number two: Never forget rule number one." That lesson is not lost on Philip Tasho, co-founder of TAMRO Capital Partners and manager of the ASTON/TAMRO Small Cap and ASTON/TAMRO All Cap funds. Download File (171 KB, PDF)

Thyra Zerhusen, manager of the ASTON/Optimum Mid Cap Fund, is a pure, bottom-up stock picker. An independent thinker who questions conventional wisdom and acts on her instincts, she scours the mid-cap universe for companies with sustainable competitive advantages that reflect her core investing principles--strong revenue growth, low debt, and proven management teams. Download File (126 KB, PDF)

Chicago – January 23, 2012 – Aston Asset Management, LP (Aston) has announced that its mutual fund assets under management exceeded $10 billion, as of the close of business on January 19, 2012... Read full article.

This supplement replaces the supplement dated December 2, 2011 and provides new and additional information beyond that contained in the Prospectus and Summary Prospectus and should be retained and read in conjunction with the Prospectus and Summary Prospectus. Keep it for future reference. Download File (16 KB, PDF)

CHICAGO – December 27, 2011 – Aston Asset Management, LP (Aston) is pleased to announce the addition of a new mutual fund to its family of funds, the ASTON/Silvercrest Small Cap Fund (Tickers: ASCTX N-Class, ACRTX IClass). The Fund opens to investors on December 27, 2011... Read full article.

CHICAGO – December 12, 2011 – Aston Asset Management, LP (Aston) has announced that it will implement a “Soft Close” of the ASTON/River Road Dividend All Cap Value Fund (“the Fund”), on or about December 16, 2011.
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CHICAGO – December 6, 2011 – Aston Asset Management, LP (Aston) has announced that it will implement a “Soft Close” of the ASTON/River Road Independent Value Fund (“the Fund”), on or about December 7, 2011.

The Soft Close will mean that the Fund will close to new investors but remain open to existing shareholders. Download File (18 KB, PDF)

CHICAGO – October 26, 2011 – Aston Asset Management, LP (Aston) is pleased to announce that it will partner with Silvercrest Asset Management Group LLC (Silvercrest) to offer a new fund in the Aston Fund family. .. Read full article.

CHICAGO – October 6, 2011 – Aston Asset Management, LP (Aston) is pleased to announce that effective September 30, 2011, a voluntary waiver of management fees and/or reimbursement of ordinary operating expenses of an additional 0.15% went into effect for the ASTON/Montag & Caldwell Mid Cap Growth Fund (Ticker: AMCMX) (the “Fund”).
.. Read full article.

July 18, 2011 – Aston Asset Management, LP (Aston) is pleased to announce the addition of a new mutual fund to its family of funds, the ASTON/DoubleLine Core Plus Fixed Income Fund (Tickers: ADBLX N-Class, ADLIX I-Class). The Fund opens to investors on July 18, 2011. Download File (47 KB, PDF)

Aston Asset Management, LP (Aston) has announced a change in the subadvisory relationship for the ASTON Value Fund (the Fund). MFS Institutional Advisors Inc. (MFS), the subadviser to the Fund, and Aston have agreed to terminate the Sub-Investment Advisory Agreement between MFS and Aston. Download File (43 KB, PDF)

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CHICAGO – April 1, 2011 – Aston Asset Management, LP (Aston), is pleased to announce the ASTON/Optimum Mid Cap Fund received two 2011 Lipper Best Fund Awards for the period ending December 31, 2010. Download File (20 KB, PDF)

Aston Asset Management, LP (Aston) is pleased to announce that both the ASTON/TAMRO Small Cap Fund (ATASX) and the ASTON/TAMRO Diversified Equity Fund (ATLVX) have reached 10-year performance records
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Aston Asset Management, LP (Aston) is pleased to announce the addition of a new mutual fund to its family of funds, the ASTON/River Road Independent Value Fund (Ticker: ARIVX)... Download File (17 KB, PDF)

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)

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)

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/Fasciano Small Cap Fund (Ticker: AFASX). This Fund opened to new investors on Dec. 23, 2009 and brings the total number of Aston Funds to twenty-five. Aston Asset Management will act as the investment adviser to the new Fund, while Chicagobased Fasciano Associates, LLC (“Fasciano Associates”), will serve as the Fund’s subadviser. Download File (16 KB, PDF)

Affiliated Managers Group, Inc. (NYSE: AMG), a diversified asset management company, has entered into a definitive agreement to acquire a majority equity interest in Aston Asset Management LLC (“Aston”) through the acquisition of Highbury Financial Inc. (OTCBB: HBRF), Aston’s parent company. After the closing of the transaction, Aston’s sub-advisors, management and employees will remain unchanged. Download File (26 KB, PDF)

Aston Asset Management LLC (“Aston”) has announced that the ASTON/TAMRO Small Cap Fund Class N and Class I (the “Fund”) is expected to close to new investors on or about October 16, 2009. The Board of Trustees of Aston Funds has approved this action to ensure the integrity of the Fund’s investment process and in keeping with the shareholders’ best interests. Download File (14 KB, PDF)

Aston Asset Management LLC (“Aston”) has announced that the ASTON/River Road Small Cap Value Fund Class N and Class I (the “Fund”) will likely close soon to new investors based on an increase in net assets. The Board of Trustees of Aston Funds has approved this action in order to ensure the integrity of the Fund’s investment process and in keeping with the shareholders’ best interests. The close is expected to occur on or about May 22, 2009. Download File (14 KB, PDF)

Aston Asset Management LLC (“Aston”) is pleased to announce the addition of a new mutual fund to their family of funds, the ASTON/Lake Partners LASSO Alternatives Fund, Class I (Ticker: ALSOX). This Fund opened to new investors on April 1, 2009 and brings the total number of Aston Funds to twenty-five. Download File (16 KB, PDF)

Aston Asset Management LLC (“Aston”) is pleased to announce the launch of their new mutual fund of exchange-traded funds (ETFs), the ASTON/New Century Absolute Return ETF Fund (Ticker: ANENX). This Fund is the latest addition to Aston’s already robust line-up of mutual funds available to individual and institutional investors. Download File (15 KB, PDF)

Aston Asset Management LLC (“Aston”) is pleased to announce the launch of their new mutual fund of exchange-traded funds (ETFs), the ASTON/Smart Allocation ETF Fund (Ticker: ASENX). The new fund is the latest addition to Aston’s already robust line-up, bringing the total number of mutual funds available to individual and institutional investors to twenty-eight. Download File (15 KB, PDF)

Aston Asset Management LLC (“Aston”) is pleased to announce the launch of three new mutual funds, all focusing on mid cap companies—the ASTON/Montag & Caldwell Mid Cap Growth Fund (Ticker: AMCMX), the ASTON/ClariVest Mid Cap Growth Fund (Ticker: ACVMX) and the ASTON/Cardinal Mid Cap Value Fund (Ticker: ACDMX). These Funds join Aston’s growing family of 27 mutual funds, bringing the total number of mid cap strategies to four—all with distinct strategies and objectives. Download File (26 KB, PDF)

Aston Asset Management LLC (“Aston”) announced today the launch of two new international strategy mutual funds—the ASTON/Barings International Fund (Ticker:ABIIX) and the ASTON/SGA International Small-Mid Cap Fund (Ticker: ASNMX). These two Funds join Aston’s growing family of 27 mutual funds and bring the total number of international strategies to five. Download File (25 KB, PDF)

Aston Asset Management is pleased to announce a voluntary fee reduction for the ASTON/TCH Fixed Income Fund. Effective September 1, 2007 the firm will waive the fees and/or reimburse expenses so that net operating expenses for the Fund are no more than 0.64% for the N-Class (Ticker: CHTBX) and 0.39% for the I-Class (Ticker: CTBIX) of the Fund’s average daily net assets. Download File (16 KB, PDF)

Aston Asset Management’s ASTON/TAMRO Small Cap Fund (Ticker: ATASX) has earned the 24th spot on the annual Barron's/Value Line ranking of top 100 U.S. mutual-fund managers. The Fund is one of only three Small-Cap Funds to be recognized for the last five consecutive years. Download File (20 KB, PDF)

Aston Asset Management LLC (“Aston”) announced today the launch of their newest mutual fund, the ASTON/Resolution Global Equity Fund (Ticker: ARGEX). To meet growing investor demand for international strategies, Aston has launched three new global funds this quarter. Download File (15 KB, PDF)

Effective after net asset valuation on January 10, 2007, the ASTON/River Road Small Cap Value Fund (Fund) – N Class and I Class (ARSVX; ARSIX) – will close and thus no longer accept new accounts or additional investments from existing accounts. Download File (19 KB, PDF)

Bernard F. Myszkowski, CFA, Executive Vice President, Director of Equity Investments, co-manager of the ASTON/ABN AMRO Growth Fund, and manager of the equity portion of the Balanced Fund has announced his retirement effective 12/31/06. Mr. Myszkowski has been associated with ABN AMRO Asset Management and its predecessors and/or affiliates for over 37 years. Download File (19 KB, PDF)

The ASTON/River Road Small Cap Value Fund – N Class and I Class (ARSVX; ARSIX) will close to new accounts effective December 15, 2006. The fund has approximately $236 million in assets. According to Andrew Beck, President of River Road Asset Management LLC (River Road), “The growth in assets has benefited our investors in numerous ways, including the deployment of additional research analysts and enhanced technology. Download File (14 KB, PDF)

Highbury Financial Inc. (OTCBB: HBRF, HBRFW, HBRFU,) has finalized the acquisition of substantially all of ABN AMRO’s U.S. mutual funds from ABN AMRO Group. Effective immediately, Aston Asset Management (Aston) is the advisor of 19 noload mutual funds with total net assets of approximately $5.5 billion. Download File (14 KB, PDF)