CALGARY, July 9, 2014 /CNW/ - Aston Hill Financial Inc. ("Aston Hill" or the "Company") (TSX:AHF) today reports preliminary assets under management and administration ("AUM") of $7.5 billion at June 30, 2014, compared with $7.4 billion at March 31, 2014 and $6.7 billion at June 30, 2014. AUM by category is set forth in the table below.
|
($ in millions) |
30-Jun-14 |
31-Mar-14 |
31-Dec-13 |
30-Jun-13 |
Year-Over-Year Increase |
|
Aston Hill Managed Funds |
|||||
|
Mutual Funds |
980 |
841 |
656 |
513 |
91% |
|
Closed End Funds |
1,997 |
1,815 |
1,761 |
593 |
237% |
|
Hedge Funds |
17 |
16 |
11 |
7 |
141% |
|
Total Aston Hill Managed Funds |
2,994 |
2,672 |
2,428 |
1,113 |
169% |
|
Sub-Advised Funds |
|||||
|
Mutual Funds |
3,503 |
3,592 |
3,705 |
3,764 |
-7% |
|
Closed End Funds |
207 |
220 |
231 |
233 |
-11% |
|
Total Sub-Advised Funds |
3,710 |
3,812 |
3,936 |
3,997 |
-7% |
|
Other Assets |
800 |
892 |
1,410 |
1,608 |
-50% |
|
Total Assets |
7,504 |
7,376 |
7,774 |
6,718 |
12% |
- Gross mutual fund sales for the quarter were $128.8 million. Net mutual fund sales for the quarter were $99.3 million.
- Raised $45 million during the launch of a new closed end fund, Euro Banc Capital Securities Trust (EBT.UN).
- Closed warrant offerings on two existing closed end funds, Aston Hill VIP Income Fund at $151 million, and Aston Hill Oil & Gas Income Fund at $30.4 million; both offerings were fully subscribed.
- Completed the merger of Redwood Income Strategies Class into Aston Hill Growth & Income Fund.
About Aston Hill Financial Inc.
Aston Hill Financial Inc. is a diversified asset management company with a suite of retail mutual funds, closed end funds, private equity funds, hedge funds and segregated institutional funds. Aston Hill Financial Inc. has offices in Calgary, Toronto and Halifax.
SOURCE Aston Hill Financial Inc.