ASTON HILL ASSET MANAGEMENT INC. ANNOUNCES PORTFOLIO MANAGEMENT CHANGES

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 "AHF".

SOURCE Aston Hill Asset Management Inc.

For further information:

Michael J. Killeen
President
Aston Hill Asset Management Inc.
(416) 362-5597

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Aston Hill Asset Management Inc.

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