Aston Partners with Pictet Asset Management on New International Fund
CHICAGO —Aston Asset Management, LP (Aston) announced today that it has launched the ASTON/Pictet International Fund (APINX: Class N/APCTX: Class I), which invests primarily in companies headquartered in the developed markets of Europe, Australasia, and Far East (EAFE).
Aston will act as the investment adviser to the Fund while Pictet Asset Management Limited will act as subadviser, responsible for the day-to-day management of the Fund. Pictet Asset Management is the institutional investment arm of the Pictet Group, a 200-year old Geneva-based independent asset and wealth manager that has more than 900 investment professionals in 25 financial centers across the world.
“We are very pleased to be opening this new international fund with Pictet Asset Management,” said Stuart D. Bilton, Chairman and Chief Executive Officer of Aston. “We have been searching for an additional international strategy for some time and we were very impressed with Pictet; not only for the rigor of their investment process, but also for the stability of their management team.”
The Fund builds a portfolio of foreign companies trading at a discount based on its calculation of intrinsic value.
The Fund’s lead portfolio manager is Fabio Paolini, CFA, Head of EAFE Equities, Developed Equities team at Pictet Asset Management. Mr. Paolini is joined by co-portfolio managers Swee-Kheng Lee, PhD, Senior Investment Manager, and Benjamin Beneche, CFA, Investment Manager, as well as Senior Client Portfolio Manager, Charlie Price.
“We believe our long term investment approach seeking companies with sustainable cash generation combined with a strong price discipline sets us apart from our peers, “said Mr. Paolini. “We look forward to bringing our EAFE strategy to Aston investors through the ASTON/Pictet International Fund.”
About 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 sub-adviser and the needs of clients. As of March 31, 2014, Aston is the adviser to 23 mutual funds with total net assets of approximately $15.9 billion. Our funds are distributed nationally through intermediaries including registered investment advisers, model platforms, broker-dealers, consultants, retirement platforms and wealth management teams.
The Fund is newly formed and does not have an operating history. You could lose money by investing in the Fund. Investing in foreign and emerging market securities involve risks related to adverse political and economic developments unique to a country or a region, currency fluctuations or controls. Investments in small to mid-capitalization companies may be subject to increased volatility and less liquidity. The Fund engages in both growth and value style investing. Growth stocks are generally more sensitive to investor perceptions and market moves and thus may be more volatile than other stocks while value investing involves buying stocks that are out of favor or may not appreciate as anticipated.
Before investing carefully consider the fund’s investment objectives, risks, charges and expenses. Contact 800-992-8151 or visit the Aston Funds website at ww.astonfunds.com for a prospectus or a summary prospectus containing this and other information. Read it carefully.
Aston Funds are distributed by Foreside Funds Distributors LLC.