Aston Hill Reports Third Quarter Assets Under Management

CALGARY, Oct. 9, 2014 /CNW/ - Aston Hill Financial Inc. ("Aston Hill" or the "Company") (TSX:AHF) today reports preliminary assets under management and administration ("AUM") of $7.1 billion at September 30, 2014, compared with $7.5 billion at June 30, 2014 and $7.8 billion at September 30, 2013. AUM by category is set forth in the table below.

($ in millions)		30-Sep-14	30-Jun-14	31-Mar-14	31-Dec-13	30-Sep-13	Year- Over-Year Increase
Aston Hill Managed Funds
	Mutual Funds	1,054	980	841	648	592	78%
	Closed End Funds	1,623	1,977	1,815	1,761	1,641	-1%
	Hedge Funds	23	17	16	11	7	229%
Total Aston Hill Managed Funds		2,700	2,974	2,672	2,420	2,240	21%
Sub-Advised Funds
	Mutual Funds	3,311	3,503	3,592	3,706	3,730	-11%
	Closed End Funds	200	206	220	230	275	-27%
Total Sub-Advised Funds		3,511	3,709	3,812	3,936	4,005	-12%
Other Assets		845	800	892	1,410	1,583	-47%
Total Assets		7,056	7,483	7,376	7,766	7,828	-10%

• Gross mutual fund sales for the quarter were $119.8 million. Net mutual fund sales for the quarter were $91.4 million. Aston Hill continues to focus on increasing our higher margin proprietary retail mutual fund AUM.
• Aston Hill Capital Markets Inc. filed the preliminary prospectus for a new structured product named Voya Global Income Solutions Fund, the marketing of which commenced on October 1.
• In mid-July, subsequent to the second quarter's end, Aston Hill surpassed the $1 billion in AUM milestone of in-house Aston Hill mutual funds.
• Closed end fund redemptions during the quarter were $298.5 million, 78% of which was comprised of redemptions from Aston Hill VIP Income Fund and Aston Hill Oil & Gas Income Fund following the fully subscribed warrant offering in Q2.

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.

Eric Tremblay, Chief Executive Officer, Aston Hill Financial Inc., [phone]; Larry Titley, Vice President and CFO, Aston Hill Financial Inc., [phone]