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Aston Hill has cultivated a diverse suite of products spanning sectors, geographies and asset classes in order to deliver funds that meet the varying needs of our investors.

Hedge Funds

Aston Hill Opportunities FundFebruary 28, 2017

Fund Manager(s): Manitou Investment Management Ltd.
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Closed to new Purchases

Investment Objectives

The investment objective of the Fund is to seek to achieve long-term capital growth through superior selection of securities from issuers anywhere in the world. The Fund currently pursues its investment objective by investing in a portfolio of securities using the investment strategies described as follows, but may use other strategies that the Manager believes will produce long-term capital appreciation: Managing Long/Short Positions, Special Situations, Short Selling Overvalued Securities, Pairs Trading, Convertible Arbitrage, Merger Arbitrage, Derivatives, Securities Lending. 


The Fund aims to provide low correlation to a typical Canadian investor’s portfolio with limited-to-no exposure to the resource sector or Canadian financials.

Why Buy This Fund?

• Long-biased, long-short equity fund focused on small, mid and large cap North American equities
• Provides a way to defensively start allocating into U.S. equities
• Nimble fund that is actively managed
• Use of liquid alternative tools to reduce volatility: options, shorting, currency, cash

Performance Review

Monthly Performance (%)

JanFebMarAprMayJunJulAugSepOctNovDecYear
2017-1.1-0.2          -1.3
2016-1.9-1.30.2-0.3-0.2-0.22.0-0.30.00.00.60.5-0.9
2015-0.50.50.8-0.6-0.10.1-0.91.8-1.5-0.30.1-4.0-4.7
20140.41.70.9-0.50.91.1-0.41.3-0.20.82.50.99.8
20133.12.31.80.53.31.02.0-1.82.52.62.71.823.7
20127.38.32.5-4.1-5.42.1-3.00.53.50.70.50.613.3
20113.96.69.1-1.72.0-2.41.3-4.1-3.91.50.52.415.3
2010       1.85.81.5-3.7-2.82.3

The Monthly Performance and Risk/Reward shown is for the period when Aston Hill Asset Management Inc. commenced management of the Fund in August 2010.  The Fund underwent a restructuring in May 2012.  Performance prior to the date was generated under a different fee structure; past performance may not be repeated.  John Kim took over the Fund on June 30, 2015.  Correlation, Alpha and Beta are measured against the S&P 500 Total Return Index.  Total returns in local currency.  Source: RBC IS, Bloomberg, PerTrac.

Compound Returns (%)

Fund3 mo6 mo1 yr3 yr5 yr10 yrIncep.
AH Opportunities-0.8-0.21.00.14.10.42.2
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Risk/Reward Analysis

Fund
Annualized Compound ROR8.1%
Annualized Std. Deviation9.0%
Winning Months62.0%
Average Monthly Gain2.1%
Average Monthly Loss-1.6%
Sharpe Ratio (1.5%)0.8
Correlation0.4
Alpha0.3%
Beta0.3

Portfolio Review

Asset Allocation

Cash, Equivalents & Other Net Assets
97.2%
Cash Covered Options
2.7%
Equities
0.2%

Geographic Allocation

Canada
%
United States
%
International
%

Sector Allocation

Cash & Equivalents
99.8%
Information Technology
17.2%
Materials
6.6%
Health Care
0.0%
Consumer Staples
0.0%
Private Placements
0.0%
Funds
-23.6%

Exposure

Gross47.4%
Long23.8%
Short-23.6%
Net0.2%

Fund Facts

Inception:July 29, 2005
NAVPS:$35.52 (Series A)
Total Assets:$2.5 million
Management Fees:2% (Series A), 1% (Series F)

Fund Codes

CADPrescribed OM 
Series A AHF291Series A AHF295 
Series F AHF293Series F AHF296 

Information pertaining to Aston Hill Opportunities Fund is not to be construed as a public offering of securities in any jurisdiction of Canada. The offering of units in the Aston Hill Opportunities Fund is made pursuant to its offering memorandum only to those investors in jurisdictions of Canada who meet certain eligibility requirements.  Commissions, trailing commissions, management fees and expenses all may be associated with hedge fund investments. Please read the offering memorandum before investing. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Hedge Funds are not guaranteed, their values change frequently and past performance may not be repeated.

Please correct the following errors:

Minimum Investment Requirements

The AHF Credit Opportunities Fund is generally available to investors that can meet a certain minimum amount of money to invest. The minimum initial investment for residents in any province or territory in accordance with applicable securities laws is set out below:

All provinces and territories $125,000 or $25,000(1)
BC, NB, NS and NL Only: $5,000(2)

Notes:

(1) A minimum purchase of $25,000 is available to residents who meet certain requirements.
(2) A minimum purchase of $5,000 is available to residents who meet certain requirements and reside in BC, NB, NS and NL by way of the prescribed OM.
Investors should contact their investment dealer or Financial Advisor for more information.

If you can comfortably invest the minimum dollar amount required in your province or territory, please accept the disclaimer below to learn more about the AHF Credit Opportunities Fund.


Disclaimer: Information pertaining to AHF Credit Opportunities Fund is not to be construed as a public offering of securities in any jurisdiction of Canada. The offering of units in the AHF Credit Opportunities Fund is made pursuant to its offering memorandum only to those investors in jurisdictions of Canada who meet certain eligibility requirements. Please read the offering memorandum carefully before investing.

Minimum Investment Requirements

The Aston Hill Opportunities Fund is generally available to investors that can meet a certain minimum amount of money to invest. The minimum initial investment for residents in any province or territory in accordance with applicable securities laws is set out below:

All provinces and territories $150,000 or $5,000(1)
BC, NB, NS and NL Only: $5,000(2)

Notes:

(1) A minimum purchase of $5,000 is available to residents who meet certain requirements.
(2) A minimum purchase of $5,000 is available to residents who meet certain requirements and reside in BC, NB, NS and NL by way of the prescribed OM.
Investors should contact their investment dealer or Financial Advisor for more information.

If you can comfortably invest the minimum dollar amount required in your province or territory, please accept the disclaimer below to learn more about the Aston Hill Opportunities Fund.


Disclaimer: Information pertaining to Aston Hill Opportunities Fund is not to be construed as a public offering of securities in any jurisdiction of Canada. The offering of units in the Aston Hill Opportunities Fund is made pursuant to its offering memorandum only to those investors in jurisdictions of Canada who meet certain eligibility requirements. Please read the offering memorandum carefully before investing.

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