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Astor surpasses USD1bn AuM


Knight Capital Group subsidiary Astor Asset Management has surpassed USD1 billion in assets under management. Astor specialises in constructing portfolios by investing in exchange-traded funds based on a macroeconomic approach.

Astor’s actively managed portfolio of ETFs are designed with the goal of protecting and growing capital over time at an attractive absolute compounded return, without the performance fees and lock-up periods of hedge funds. These portfolios of ETFs are offered through financial advisors within separately managed accounts and through a mutual fund, the Astor Long/Short ETF Fund (I Share: ASTIX; R Share: ASTRX; C Share: ASTZX).

"Astor’s steady asset growth reflects advisor and investor recognition for our approach to long-term capital appreciation across market cycles," says Robert N Stein (pictured), Astor’s founder and Senior Managing Director and Head of Global Asset Management at Knight. "I believe that this milestone is a testament to the strength of our investment philosophy and the talent of the Astor team."

Astor is among the top money managers by ETF assets under management according to a third party industry report, and a top investor in certain ETFs, according SEC filings. Astor is preparing to launch two new mutual funds based on investment strategies utilised in its separately managed accounts, including Style Preferred Growth and Active Income. Astor recently gained access to additional distribution platforms and is available through most national broker-dealer networks.

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