CHICAGO, April 21, 2014 /PRNewswire/ -- Aston Asset Management, LP (Aston) is pleased to announce that the ASTON/Lake Partners LASSO Alternatives Fund I-Class (ALSOX) reached its 5-year anniversary on April 1, 2014, making it one of the few multialternative fund-of-mutual funds to reach that milestone. As of March 31, 2014, the Fund had a total of $492 million in assets under management.

"We teamed up with Lake Partners because of the depth and breadth of their experience in managing alternative strategies," said Stuart Bilton, Chairman and Chief Executive Officer of Aston, "and we are delighted, but not surprised, with the success of the ASTON/Lake Partners LASSO Alternatives Fund."

Aston is the investment adviser to the Fund, while Lake Partners is the subadviser. The Fund is an actively managed fund-of-funds that invests in mutual funds utilizing alternative and hedging strategies. The Fund employs Lake Partners' LASSO^® Long and Short Strategic Opportunities^® investment approach, which relies on institutional research to construct a diversified and liquid portfolio of alternative strategies. The objective of LASSO is to seek long-term total returns with lower volatility than the overall stock market and reduced correlation to conventional stock and bond portfolios.

"Our LASSO strategy serves as a liquid, user-friendly, all-in-one solution for advisers as they seek to build client portfolios with additional exposure to the alternative investment universe," said Rick Lake, Co-Chairman and Treasurer of Lake Partners and co-portfolio manager to the Fund. "Our firm has over 25 years of extensive experience in alternative investments which gives us a unique perspective on selecting the strategies for the Fund."

Rick Lake and brother Ronald Lake, Co-Chairman and President of Lake Partners, both have more than 30 years of experience in the investment management industry and serve as co-portfolio managers on the Fund.  

To request more information, please contact Tony Kono at 973-850-7323 or tkono@jcprinc.com.

About 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 sub-adviser and the needs of clients. As of March 31, 2014, Aston is the adviser to 23 mutual funds with total net assets of approximately $15.9 billion. Our funds are distributed nationally through intermediaries including registered investment advisers, model platforms, broker-dealers, consultants, retirement platforms and wealth management teams.

Note: The Fund also incurs the risks of the underlying funds it invests in. Potential risks include the use of aggressive investment techniques and instruments such as options and futures, derivatives, commodities, credit-risk, and short-sales that taken alone are generally considered riskier than conventional market strategies. Use of these aggressive investment techniques may expose an underlying fund to potentially dramatic changes (losses) in the value of its portfolio. Short sales may involve the risk that an underlying fund will incur a loss by subsequently buying a security at a higher price than the price at which the fund previously sold the security short.

Investors should consider the investment objectives, risks, charges, and expenses of the Aston Funds carefully before investing. Please call 800 597‐9704 for a prospectus or a summary prospectus, which contains this and other information about the Funds. Read it carefully before you invest or send money.

Aston Funds are distributed by Foreside Funds Distributors LLC.

CONTACT:
Tony Kono
Jennifer Connelly Public Relations
973-850-7323
tkono@jcprinc.com

SOURCE Aston Asset Management, LP