CHICAGO, Nov. 2, 2015 /PRNewswire/ --
- The ASTON/River Road Focused Absolute Value Fund seeks long-term capital appreciation by investing in River Road's "best ideas" across all of its core strategies.
- The Fund incorporates River Road's Absolute Value® strategy which seeks to provide attractive, sustainable, low volatility returns over the long term.
Aston Asset Management, LLC (Aston) announced that it has launched the ASTON/River Road Focused Absolute Value Fund (Ticker Symbols: ARRFX/AFAVX), which seeks long-term capital appreciation through a concentrated, all-cap strategy comprised of a limited number of River Road's "best ideas" across its investing platform.
The Fund also utilizes River Road's Absolute Value® philosophy of seeking to provide attractive, sustainable, low volatility returns over the long term.
Aston will act as the investment adviser to the Fund, while Louisville, Kentucky-based River Road Asset Management, LLC will act as subadviser, responsible for the day-to-day management of the Fund.
River Road, which is also subadviser to six other Aston Funds, incorporates proven and enduring value investing principles, while striving to avoid many of the pitfalls associated with more common "deep value" and "relative value" investment styles.
"River Road is well known for its disciplined, value-driven equity strategies," said Michael M. Mayhew, Head of Distribution at Aston. "We have enjoyed a long and successful relationship with River Road and are very pleased to be partnering with them on the ASTON/River Road Focused Absolute Value Fund."
The Fund is managed by R. Andrew Beck and Thomas S. Forsha, CFA. Mr. Beck is co-founder of River Road and serves as President and Chief Executive Officer. Mr. Forsha serves as the firm's Co-Chief Investment Officer.
"We are very excited to offer our Focused Absolute Value strategy to Aston investors," said Mr. Beck. "We have enjoyed a long and beneficial relationship with Aston, and this will be the seventh fund that we have opened together."
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 September 30, Aston is the adviser to 26 mutual funds with total net assets of approximately $10.4 billion. Our funds are distributed nationally through intermediaries including registered investment advisers, model platforms, broker-dealers, consultants, retirement platforms and wealth management teams.
Aston is a wholly-owned, indirect subsidiary of Affiliated Managers Group, Inc. (AMG).
River Road Asset Management, LLC provides institutional separate account and investment sub-advisory services to a broad range of domestic and international clients. The firm, which manages $7.5 billion in assets (as of June 30, 2015), was formed based upon its proprietary Absolute Value® investment discipline, a distinct portfolio management approach solely developed by River Road which is distinguishable from, and occupies a unique niche between, other types of investment styles.
River Road is an affiliate of AMG.
Note: The Fund is newly formed and does not have an operating history. You could lose money by investing in the Fund. The Fund is classified as non-diversified and may be more susceptible to risk than funds that invest more broadly. Small- and mid-cap stocks are considered riskier than large-cap stocks due to greater potential volatility and less liquidity. Value investing involves buying stocks that are out of favor and/or undervalued that may decline further. Investing in exchange traded and closed end funds are subject to additional risk that shares of the underlying fund may trade at a premium or discount to their net asset value per share. Exposures to real estate markets include declines from deteriorating economic conditions, changes in the value of the underlying property, and defaults by borrowers. Investing in foreign markets also entails the risk of social and political instability, market illiquidity, and currency volatility.
Investors should consider the investment objectives, risks, charges and expenses of the ASTON/River Road Focused Absolute Value Fund carefully before investing. Please call 800 597-9704 for a prospectus which contains this and other information about the Fund. Read it carefully before you invest or send money.
Aston Funds are distributed by Foreside Distributors LLC.
SOURCE Aston Asset Management, LLC