Burchell out, Anderson in at Aston Hill |
Date: Thursday, July 2, 2015
Author: News Release
By Rudy Mezzetta | Investment
Executive - June 30, 2015 17:30 The firm says it
has appointed Peter Anderson to an interim senior executive role effective
August 1, although it held off providing further details of Anderson's role
pending regulatory approval. Anderson was a senior executive at CI Financial
for 15 years, serving as chief investment officer and head of institutional
sales until 2012. He joined Aston Hill's board of directors in November
2014. Burchell, who had been with Aston Hill since November 2010, and co-CIO
since May 2013, will join Gluskin Sheff and Associates Inc. of Toronto as
managing director and portfolio manager, effective August. Burchell will be
lead portfolio manager for the GS+A Focused Long/Short Portfolio, according
to Guskin Sheff. As part of its re-organization announcement, Aston Hill said it also will
be undergoing portfolio-management changes on four of its open-end mutual
funds: > Aston Hill Capital Growth Fund. Portfolio management
responsibilities will be assumed by John Kim. > Aston Hill Global Growth and Income Fund. Portfolio
management responsibilities will be assumed by the fund's co-manager, Vivian
Lo, vice president and portfolio manager. > Aston Hill Opportunities Fund. Portfolio management
responsibilities of this hedge fund will be assumed by Ben Cheng and John
Kim. > Aston Hill U.S. Growth Fund. Portfolio management
responsibilities will be assumed by John Kim and Darren Cabral, president of
Aston Hill Capital Markets Inc. Aston Hill says it will be taking a number of cost-cutting measures. For
example, it plans to consolidate certain corporate functions, such as
corporate finance, accounting and human resources, currently being run from
the Calgary office to the Toronto office.Asset manager shifts executives, fund management
responsibilities
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