Long-Short Fund Hits Three-Year Mark
Chicago, IL –The ASTON/River Road Long-Short Fund (N-Class – ARLSX) reached its three-year anniversary on May 4, 2014. The Fund seeks to provide absolute return while minimizing volatility over a full market cycle. It invests both in long and short equity positions using a bottom-up, value-driven approach to security selection combined with a multi-layered risk management process that includes active management of net market exposure. The Fund is part of Aston’s (Aston Asset Management LP) growing lineup of Alternative offerings. As of March 31, 2014, it had $216 million in assets under management.
River Road Asset Management, LLC (River Road), subadviser to the Fund, is an institutional asset management firm based in Louisville, KY, specializing in value-oriented equity investment management. Its Absolute Value investing discipline incorporates the most proven and enduring principles of value investing, with a specific avoidance of the pitfalls associated with more common “deep value” and “relative value” investment styles. Founded in 2005, the firm had $10.2 billion in total assets under management as of March 31, 2014, and is the subadviser to five other Aston funds.
Aston Asset Management, LP
Headquartered in Chicago, Illinois, Aston provides investment management services to the mutual fund and managed accounts markets by carefully selecting, monitoring and marketing experienced boutique investment managers, who seek to achieve consistent investment performance using disciplined investment processes and best in class business standards. From the initial due diligence on an investment manager to the launching of a new Aston Fund, we take measured steps to ensure congruence between the requirements of Aston, the capabilities of the subadviser and the needs of clients. As of April 30, 2014, Aston is the adviser to 25 mutual funds with total net assets of approximately $15.7 billion. Our funds are distributed nationally through intermediaries including registered investment advisors, model platforms, broker-dealers, consultants, retirement platforms and wealth management teams.
Note: Short sales may involve the risk that the fund will incur a loss by subsequently buying a security at a higher price than the price at which the fund previously sold the security short. A loss incurred on a short sale results from increases in the value of the security; losses on a short sale are theoretically unlimited. Value investing often involves buying the stocks of companies that are currently out of favor that may decline further. Investing in exchange traded and closed end funds are subject to additional risk that shares of the underlying fund may trade at a premium or discount to their net asset value per share. Convertible preferred securities are subject to the risks of equity securities and fixed income securities. Derivatives can be highly volatile and involve risk in addition to the risk of the underlying reference security. Investing in foreign issuers involves special risks and considerations not typically associated with investing in U.S. companies.
Investors should consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. Please call 800 597-9704 for a prospectus or a summary prospectus which contains this and other information about the Fund. Read it carefully before you invest or send money. Aston Funds are distributed by Foreside Funds Distributors LLC.