TORONTO, Jan. 31, 2012 /CNW/ - Aston Hill Asset Management Inc. (the
"Manager" or "Aston Hill") announced today that it will assume
responsibility for portfolio management of the following funds
effective on or about April 26, 2012:
Aston Hill Advantage Bond Fund (formerly Manulife Brompton Advantaged
Bond Fund); and
Aston Hill MBB Trust (formerly MBB Trust).
Aston Hill Advantage Bond Fund (TSX: MBB.UN) has a forward agreement
which provides exposure to the return on the portfolio held by Aston
Hill MBB Trust. Mr. Sandy Liang, Portfolio Manager at Aston Hill, will
become the lead portfolio manager of the funds.
Mr. Liang is currently the lead portfolio manager on Aston Hill
Strategic Yield Fund and is a key member of the Aston Hill investment
management team. Mr. Liang has been in the investment business since
1991 and a corporate debt specialist since 1996. Mr. Liang joined Aston
Hill after three years spent at Cobalt Capital Management, a
significant hedge fund based in New York. While at Cobalt Capital, he
was responsible for the firm's fixed income investments comprised of
high yield debt, investment grade debt, convertible bonds and
syndicated bank loans. Mr. Liang is also a former Senior Managing
Director at Bear, Stearns & Co. in New York, where he was voted on the
Institutional Investor Magazine All-America Fixed Income Research Team
(High Yield) for seven consecutive years. Mr. Liang holds the Chartered
Financial Analyst designation, and graduated from the University of
Western Ontario with a B.A. in Economics and McGill University with an
About Aston Hill
The Manager became the manager of Aston Hill Advantage Bond Fund, Aston
Hill MBB Trust and certain other funds on July 27, 2011.
Aston Hill is a wholly-owned subsidiary of Aston Hill Financial Inc.
(TSX: AHF). 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. The
Company is also engaged in oil and gas property management. Aston Hill
Financial Inc. has offices in Calgary and Toronto.
SOURCE Aston Hill Asset Management Inc.
For further information:
Michael J. Killeen
Aston Hill Asset Management Inc.