Aston Announces it will Launch a New Small Cap Fund Managed by Silvercrest Asset Management Group
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.
Aston Funds has filed a post-effective amendment to its registration statement with respect to the ASTON/Silvercrest Small Cap Fund, an open-end mutual fund that will combine Aston’s distribution and administration capabilities with Silvercrest’s portfolio management capabilities in small cap equities. The Fund is expected to launch in late December 2011.
“Silvercrest has an outstanding reputation in equity portfolio management and client service,” said Stuart D. Bilton, Chairman and Chief Executive Officer of Aston. “We feel confident that the ASTON/Silvercrest Small Cap Fund will be a strong addition to the Aston family.”
The ASTON/Silvercrest Small Cap Fund’s investment objective seeks to provide long-term capital appreciation. By focusing on better quality businesses as gauged by returns on capital, balance sheet strength dominant market shares in niche businesses and other measures, Silvercrest looks to invest in attractively-valued companies that have the potential to grow over time.
The Fund’s portfolio manager is Roger W. Vogel, CFA, Managing Director at Silvercrest. Mr. Vogel has been the lead portfolio manager for Silvercrest’s equity investment strategies team since he joined Silvercrest in April of 2002. Prior to Silvercrest, Mr. Vogel was a Managing Director at Credit Suisse Asset Management where he co-managed both small-cap and large-cap portfolios. He arrived at Credit Suisse as a result of the merger with Donaldson, Lufkin and Jenrette (DLJ), where he worked since 1993 in a similar capacity. Prior to DLJ, Mr. Vogel was a portfolio manager at Chemical Bank and Manufacturers Hanover Trust.
“We are pleased to partner with Aston through the ASTON/Silvercrest Small Cap Fund,” said Mr. Vogel. “At Silvercrest, we believe quality and attention to valuation win over time. Our long-term perspective enables us to evaluate companies that we believe will prove to be profitable investments, even if they are affected by current concerns.”
Aston will act as the investment adviser to the Fund, while Silvercrest will act as subadviser and will be responsible for day-to-day management of the Fund. Silvercrest is a boutique institutional and family office asset management firm based in New York, NY, with a specialty in highly disciplined, quality-oriented, value equity strategies.
To request more information contact Tony Kono at (973) 850-7323 or moc.cnirpcj@onokt
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 September 30, 2011, Aston is the adviser to twenty-five mutual funds with total net assets of approximately $8.4 billion. Our funds are distributed nationally through intermediaries including registered investment advisors, model platforms, broker-dealers, consultants, retirement platforms and wealth management teams.
Note: Small-cap stocks are considered riskier than large-cap stocks due to greater potential volatility and less liquidity. Value investing often involves buying the stocks of companies that are currently out of favor that may decline further.
The information contained in this press release and in the preliminary prospectus is not complete and may be changed. A post-effective amendment to the registration statement with respect to the securities of the ASTON/Silvercrest Small Cap Fund has been filed with the Securities and Exchange Commission but is not yet effective. No securities of the Fund may be sold until the post-effecive amendment with respect to the securities is effective. This press release or the preliminary prospectus is not an offer to sell these securities and is not a solicitation of an offer to buy these securities in any jurisdiction in where the offer or sale is not permitted.
Investors should consider the investment objectives, risks, charges and expenses of the ASTON/Silvercrest Small Cap Fund carefully before investing. Please call 800 597-9704 for a preliminary prospectus which contains this and other information about the Fund. Read it carefully before you invest or send money.
Aston Funds are distributed by BNY Mellon Distributors Inc.