TORONTO, May 4 /CNW/ - Aston Hill Asset Management Inc. (the "Manager")
announced today that it will replace Lazard Asset Management LLC and
Lazard Asset Management (Canada), Inc. as the portfolio advisors to
Lazard Strategic Global Convertible Bond Trust, Navina/Lazard U.S. High
Yield Bond Fund and Navina/Lazard Strategic Trust (the "Funds"),
effective on or about June 3, 2011. The change is being made in
anticipation of Lazard Global Convertible Bond Fund (TSX: CBF.UN) which
currently links its returns to Lazard Strategic Global Convertible Bond
Trust, becoming a mutual fund on or about June 30, 2011 and other
changes under consideration to make the mutual funds managed by the
Manager available to investors on a common platform. Mr. Andrew
Hamlin, Vice President and Portfolio Manager, will become the lead
portfolio manager for the Funds. The Funds will be rebranded under the
Aston Hill name, subject to fulfilling any regulatory requirements.
Mr. Hamlin has extensive experience in managing portfolio investments in
high yield, convertible debentures, equities, and preferred shares.
Mr. Hamlin joined Aston Hill in May 2007, after spending over 5 years
in the equity research departments of TD Newcrest (TD Securities), CIBC
World Markets, and GMP Securities. His previous experience includes
working as a political analyst at the Privy Council Office in Ottawa
and in the microfinance industry in Brazil. Mr. Hamlin holds a M.B.A.
from the Schulich School of Business, a M.A. International Relations
from Sussex University, UK, and a B.A. Economics & History.
About Aston Hill Asset Management Inc.
Aston Hill Asset Management Inc. is a registered investment fund manager
and portfolio manager based in Toronto, Ontario that manages both
public mutual funds and closed-end investment funds. Aston Hill Asset
Management Inc. is a wholly-owned subsidiary of Aston Hill Financial
Inc., which is an asset management company with expertise in income
generating products, energy investments and oil and gas property
management. Aston Hill Financial Inc. has offices in Calgary and
Toronto and is listed on the TSX Venture Exchange under the symbol
SOURCE Aston Hill Asset Management Inc.
For further information:
Michael J. Killeen
Aston Hill Asset Management Inc.