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