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Aston Hill appoints Manitou Investment Management as exclusive sub-advisor for two additional funds.
Aston Hill appoints Manitou Investment Management as exclusive sub-advisor for two additio...
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[{"type":"text","content":"\n\n\n\nAston Hill appoints Manitou Investment Management as exclusive sub-advisor for two additional funds.\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nAston Hill appoints Manitou Investment Management as exclusive sub-advisor for two additional funds.\nCanada NewsWire\nTORONTO, April 29, 2016\n\n\n\nTORONTO, April 29, 2016 /CNW/ - Aston Hill Asset Management Inc. (\"Aston Hill\") announced today it has appointed Manitou Investment Management Ltd. (\"Manitou\") as exclusive sub-advisor to two additional funds.  Effective May 1, 2016, Manitou will take over the portfolio management of two closed end funds; the Aston Hill VIP Income Fund and the Aston Hill Advantage VIP Income Fund.\n\n\"The appointment of Manitou to these additional mandates underlines the importance of the partnership and our confidence in their investment process. Their disciplined approach is a perfect fit for these two mandates.\" said Aston Hill CEO James Werry. \"The Manitou investment team has an extremely strong track record built on behalf of their high net worth and institutional clients. Being able to bring this kind of portfolio management expertise to Aston Hill's clients has proven to be a great win for our clients and our company. The deeper we get into the metrics of Manitou's process the more we add to our conviction that Manitou is one of North America's most disciplined investment managers focused on capital preservation. We will continue to look for opportunities to deploy that skill set for our clients.\" \n\nPeter Hofstra will act as lead portfolio manager on the new assignments. Mr. Hofstra joined Manitou in 2010 as Managing Director of Investment Management and Research and has twenty years of industry experience. \n\n\"We describe our approach as conservative not conventional.\" commented Mr. Hofstra, \"Our portfolios tend to have low correlation to most traditional benchmarks. We focus on generating compelling absolute returns through investing in great businesses at good entry prices.  \n\nAbout Aston Hill\n\nAston Hill is a wholly-owned subsidiary of Aston Hill F...