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 M.B.A.
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.
For further information:
Michael J. Killeen
Aston Hill Asset Management Inc.