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Rating:Aston to Shutter a Fund Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, July 15, 2010

Aston to Shutter a Fund

Reported by Sean Hanna, Editor in Chief

Aston Funds is prepping to liquidate its Aston/Optimum Large Cap Opportunity Fund [AOLCX]. The fund family, which was acquired by Affiliated Managers Group in April, closed the fund on Thursday (July 15). The trustees decided to liquidate the fund on August 12 [See SEC Filing].

Optimum Investment Advisors is the subadvisor to the mutual fund.

The fund had $4.6 million of AUM at the end of March and carried just one star from Morningstar.

AMG purchased its stake in Aston Funds from Highbury Financial. 

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