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Aston to launch fund managed by Eric Cinnamond of River Road


Aston Asset Management will partner with River Road Asset Management to launch a new mutual fund, the Aston/River Road Independent Value Fund. 


The fund is expected to launch on or about 31 December 2010.

The fund’s portfolio manager is Eric Cinnamond, vice president and portfolio manager at River Road. 

Cinnamond currently leads the "Independent Value" separate account investment strategy at River Road. His investment approach is opportunistic.

The fund will follow the same stock-selection approach that Cinnamond employs in his separately managed accounts strategy. The fund’s investment objective seeks to provide long-term capital appreciation. It will invest in common stocks and other equity securities of smaller-cap companies that the portfolio manager believes are undervalued.

"River Road has a proven record of delivering value-oriented equity strategies," says Stuart D. Bilton, chairman and chief executive officer of Aston. "We are very pleased that Eric Cinnamond will be the portfolio manager for this new fund. For many years, we have closely followed Eric’s investment approach and results and he will be implementing the same strategy for River Road and the Aston Funds. We are confident that the new fund will be a strong addition to the Aston family."

"Our well-established relationship with the Aston Funds extends back many years," says R. Andrew Beck, president and co-founder of River Road. "We are excited to partner with Aston once again through the Aston/River Road Independent Value Fund."

Aston will act as the investment adviser to the fund, while River Road will act as sub-adviser and will be responsible for the day-to-day management of the fund.

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