Toronto-based Aston Hill Asset Management Inc. said Thursday it is reducing the fees charged to four funds, effective immediately.
The manager of Aston Hill Capital Growth Class, Aston Hill Capital Growth Fund, Aston Hill Shareholder Yield Class and Aston Hill Shareholder Yield Fund says it is cutting the fees to each fund by eliminating the performance fees otherwise payable by these funds.
“After much discussion both internally and with our investors, we have decided that while each fund uses investment strategies usually associated with more sophisticated investment products and performance-based compensation, we are determined to make these strategies available to our retail investors at a lower cost”, says Ben Cheng, chief investment officer at Aston Hill.
“This decision supports Aston Hill’s commitment to delivering a diverse suite of products at a reasonable cost to our clients.”
Aston Hill is a wholly owned subsidiary of Aston Hill Financial Inc. (TSX: AHF).