Aston To Soft Close The ASTON/Fairpointe Mid Cap Fund (CHTTX, ABMIX)

CHICAGO, Sept. 16, 2013 /PRNewswire/ -- Aston Asset Management, LP (Aston) has announced that it will implement a "Soft Close" of the ASTON/Fairpointe Mid Cap Fund ("the Fund"), on or about October 18, 2013. 

The Soft Close will mean that the Fund will close to new investors but remain open to existing shareholders.  The supplement sets forth the details of the Soft Close and can be found on the Aston Funds website, www.astonfunds.com.  The supplement explains that certain exceptions may apply.

"Investors searching for a mid cap fund with a strong long-term track record, and experienced management may be disappointed to learn that we have decided to Soft Close the ASTON/Fairpointe Mid Cap Fund," said Stuart D. Bilton Chief Executive Officer of Aston. "However, we must protect the integrity of the Fund's investment process."

"We are determined to provide investors in the Fund with the same kind of long-term return potential that they have experienced over the past 15 years," said Thyra E. Zerhusen, Lead Portfolio Manager of the Fund and Chief Investment Officer of Fairpointe Capital LLC; "we believe that limiting assets under management will help us achieve that goal."  

Marie L. Lorden and Mary L. Pierson, of Fairpointe, the Fund's Co-Portfolio Managers, added: "Much of the Fund's success is attributed to managing a high-conviction portfolio.  By limiting the Fund's size we are able to maintain our focus."

To request more information please contact Tony Kono at 973-732-3521 or [email protected]

Aston Asset Management, LP
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 subadviser and the needs of clients.  As of August 31, 2013, Aston is the adviser to twenty-three mutual funds with total net assets of approximately $14 billion.  Our funds are distributed nationally through intermediaries including registered investment advisors, model platforms, broker-dealers, consultants, retirement platforms and wealth management teams.

Note: Small- and Mid-cap stocks are considered riskier than large-cap stocks due to greater potential volatility and less liquidity. 

Investors should consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. Please call 800 597-9704 for a prospectus or a summary 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 Funds Distributors LLC.

SOURCE Aston Asset Management, LP