The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:A PM Leaves M.D. Sass, and His Fund Follows Not Rated 4.0 Email Routing List Email & Route  Print Print
Tuesday, July 03, 2012

A PM Leaves M.D. Sass, and His Fund Follows

Reported by Chris Cumming

Aston Asset Management has switched subadvisors for one of its alternatives funds. But it is not switching PMs.

The Chicago-based mutual fund shop has given Anchor Capital Management the sub-advisory contract formerly held by M.D. Sass, and so the ASTON/M.D. Sass Enhanced Equity Fund will become the ASTON/Anchor Capital Enhanced Equity Fund. [SEC filing.]

But the fund's management will remain in place, because Anchor hired Ron Altman away from M.D. Sass, and Aston's trustees have decided to stick with their man.

Altman has PMed the fund since its inception.

Anchor CEO Bill Rice told MFWire that Altman's trader, Adam Neves, will also be joining Anchor. Neves was most recently at Collins Stewart LLC.

There is a press release on the switch available for download on Aston's website.

Rice told MFWire that this Aston-sponsored, co-branded fund invests in large/mid-cap high-yield securities, and uses puts and calls. It has $141 million in AUM, and holds a four star rating from Morningstar

Correction: An earlier version of this story incorrectly reported that Adam Neves joined Anchor from M.D. Sass. Neves was most recently at Collins Stewart LLC and was never employed by M.D. Sass.

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2020: Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use