CHICAGO, Jan. 7, 2015 /PRNewswire/ -- Aston Asset Management, LLC (Aston) announced that it has launched the ASTON/Fairpointe Focused Equity Fund (AFPTX: Class N / AFFEX: Class I). The Fund opened to investors on December 24, 2014.
Aston will act as the investment adviser to the Fund while Chicago-based Fairpointe Capital LLC (Fairpointe) will act as subadviser, responsible for the day-to-day management of the Fund. The firm is also the subadviser to the ASTON/Fairpointe Mid Cap Fund (CHTTX/ABMIX).
"We have enjoyed a long and successful relationship with Fairpointe," said Stuart D. Bilton, Chairman and Chief Executive Officer of Aston. "We are delighted to have opened the ASTON/Fairpointe Focused Equity Fund, which is managed by lead portfolio manager Robert Burnstine."
The ASTON/Fairpointe Focused Equity Fund seeks long-term total return through capital appreciation, employing a fundamental, bottom-up, valuation-based approach to investing.
The Fund is managed by Robert S. Burnstine, lead portfolio manager; Thyra E. Zerhusen will act as co-portfolio manager. Mr. Burnstine is a co-founder of Fairpointe Capital and serves as President of the firm. He has over twenty years of investment experience and is the lead portfolio manager of Fairpointe's focused equity strategy. Ms. Zerhusen is the principal founder of Fairpointe Capital, and is Chief Executive Officer and Chief Investment Officer of the firm. She also serves as lead portfolio manager for the mid-cap strategy.
"Our focused equity strategy is characterized by a long-term investment horizon, a high-conviction concentrated portfolio, a focus on purchasing securities at a significant discount to fair value, and a willingness to hold positions through volatile markets," said Mr. Burnstine. "We are pleased to be offering our strategy to Aston's investors through the new Fund."
"Fairpointe has a well-established, favorable association with Aston," added Ms. Zerhusen. "We are very happy to be expanding our relationship through the ASTON/Fairpointe Focused Equity Fund."
To request more information, please contact Tony Kono at 973-850-7323 or firstname.lastname@example.org.
About Aston Asset Management, LLC
Headquartered in Chicago, Illinois, Aston provides investment management services to the mutual fund and managed accounts markets by carefully selecting, monitoring and marketing experienced boutique investment managers, who seek to achieve consistent investment performance using disciplined investment processes and best-in-class business standards. From the initial due diligence on an investment manager to the launching of a new Aston Fund, we take measured steps to ensure congruence between the requirements of Aston, the capabilities of the sub-adviser and the needs of clients. As of December 31, 2014, Aston is the adviser to 27 mutual funds with total net assets of approximately $14.3 billion. Our funds are distributed nationally through intermediaries including registered investment advisers, model platforms, broker-dealers, consultants, retirement platforms and wealth management teams.
About Fairpointe Capital LLC
Fairpointe Capital LLC is a 100% employee owned registered investment advisor located in Chicago, Illinois. The firm manages equity and balanced separate accounts for institutions and individual clients, utilizing two proprietary strategies: Mid-Cap Core and Focused Equity. Fairpointe also sub-advises the Aston/Fairpointe Mid Cap Fund and the Parvest Equity USA MidCap Fund, available to non-US investors.
Note: The Fund is newly formed and does not have an operating history. You could lose money by investing in the Fund. Investing in foreign and emerging market securities involve risks related to adverse political and economic developments unique to a country or a region, currency fluctuations or controls. Investments in small to mid-capitalization companies may be subject to increased volatility and less liquidity. The Fund primarily engages in value style investing which involves buying stocks that are out of favor and may not appreciate as anticipated. Investing in convertible preferred securities are subject to risks of both equity and fixed income securities, the value of which is affected by the issuer and market conditions at conversion.
Before investing carefully consider the fund's investment objectives, risks, charges and expenses. Contact 800-992-8151 for a prospectus or a summary prospectus containing this and other information. Read it carefully.
Aston Funds are distributed by Foreside Funds Distributors LLC.
SOURCE Aston Asset Management, LLC