Aston Hill Reports Second Quarter Assets Under Management

CALGARY, July 9, 2014 /CNW/ - Aston Hill Financial Inc. ("Aston Hill" or the "Company") (TSX:AHF) today reports preliminary assets under management and administration ("AUM") of $7.5 billion at June 30, 2014, compared with $7.4 billion at March 31, 2014 and $6.7 billion at June 30, 2013. AUM by category is set forth in the table below.

($ in millions)

30-Jun-14

31-Mar-14

31-Dec-13

30-Jun-13

Year-Over-Year  Increase

Aston Hill Managed Funds






Mutual Funds

980

841

656

 513

91%

Closed End Funds

1,997

1,815

1,761

 593

237%

Hedge Funds

17

16

11

 7

141%

Total Aston Hill Managed Funds

2,994

2,672

2,428

1,113

169%







Sub-Advised Funds






Mutual Funds

3,503

3,592

3,705

3,764

-7%

Closed End Funds

207

220

231

233

-11%

Total Sub-Advised Funds

3,710

3,812

3,936

3,997

-7%







Other Assets

800

892

1,410

1,608

-50%







Total Assets

7,504

7,376

7,774

6,718

12%

 

  • Gross mutual fund sales for the quarter were $128.8 million. Net mutual fund sales for the quarter were $99.3 million.
  • Raised $45 million during the launch of a new closed end fund, Euro Banc Capital Securities Trust (EBT.UN).
  • Closed warrant offerings on two existing closed end funds, Aston Hill VIP Income Fund at $151 million, and Aston Hill Oil & Gas Income Fund at $30.4 million; both offerings were fully subscribed.
  • Completed the merger of Redwood Income Strategies Class into Aston Hill Growth & Income Fund.

About Aston Hill Financial Inc.

Aston Hill Financial Inc. is a diversified asset management company with a suite of retail mutual funds, closed end funds, private equity funds, hedge funds and segregated institutional funds.  Aston Hill Financial Inc. has offices in Calgary, Toronto and Halifax.

SOURCE: Aston Hill Financial Inc.

For further information: Please contact: Eric Tremblay, Chief Executive Officer, Aston Hill Financial Inc., (403) 770-4817; Larry Titley, Vice President and CFO, Aston Hill Financial Inc., (403) 770-4808

RELATED LINKS
http://www.overlordfinancial.com

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Aston Hill Financial Inc.

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