CALGARY, Jan. 8, 2015 /CNW/ - Aston Hill Financial Inc. ("Aston Hill" or the "Company") (TSX:AHF) today reports preliminary assets under management and administration ("AUM") of $6.3 billion at December 31, 2014, compared with $7.1 billion at September 30, 2014 and $7.8 billion at December 31, 2013. AUM by category is set forth in the table below.
|
($ in millions)
|
|
31-Dec-14
|
|
30-Sep-14
|
|
30-Jun-14
|
|
31-Mar-14
|
|
31-Dec-13
|
|
Year-
Over-Year
Increase
|
|
Aston Hill Managed Funds
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mutual Funds
|
|
1,061
|
|
1,054
|
|
980
|
|
841
|
|
648
|
|
64%
|
|
Closed End Funds
|
|
1,453
|
|
1,619
|
|
1,977
|
|
1,815
|
|
1,761
|
|
-17%
|
|
Hedge Funds
|
|
28
|
|
23
|
|
17
|
|
16
|
|
11
|
|
155%
|
|
Total Aston Hill Managed Funds
|
|
2,542
|
|
2,696
|
|
2,974
|
|
2,672
|
|
2,420
|
|
5%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sub-Advised Funds
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mutual Funds
|
|
2,847
|
|
3,311
|
|
3,503
|
|
3,592
|
|
3,706
|
|
-23%
|
|
Closed End Funds
|
|
127
|
|
200
|
|
206
|
|
220
|
|
230
|
|
-45%
|
|
Total Sub-Advised Funds
|
|
2,974
|
|
3,511
|
|
3,709
|
|
3,812
|
|
3,936
|
|
-24%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Assets
|
|
734
|
|
846
|
|
800
|
|
892
|
|
1,410
|
|
-48%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Assets
|
|
6,250
|
|
7,053
|
|
7,483
|
|
7,376
|
|
7,766
|
|
-20%
|
- Gross mutual fund sales for the quarter were $93.8 million. Net mutual fund sales for the quarter were $23.8 million.
- Gross mutual fund sales for 2014 were $525.1 million. Net mutual fund sales for 2014 were $375.8 million. Aston Hill continues to focus on increasing our higher margin proprietary retail mutual fund AUM.
- Raised $22 million during the launch of a new closed end fund, Voya Global Income Solutions Fund (VGI.UN).
- Mr. Peter W. Anderson was appointed to the Board of Directors. Mr. Anderson was previously a senior executive at CI Financial Inc. for 15 years serving as Chief Investment Officer and Head of Institutional Sales until 2012, prior thereto as President and Chief Executive Officer of CI Investments.
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.
Eric Tremblay, Chief Executive Officer, Aston Hill Financial Inc., (403) 770-4817; Larry Titley Vice President and CFO, Aston Hill Financial Inc., (403) 770-4808Copyright CNW Group 2015