Aston Hill Asset Management Inc. Wednesday announced the addition of Sandy Liang as portfolio manager.
Liang is based in Aston Hill’s Toronto office, and becomes lead portfolio manager for the Aston Hill Strategic Yield Fund effective immediately. During 2012, he will become the president of AHF Capital Partners, a planned newly-created investment management affiliate of Aston Hill.
“We are pleased to welcome Sandy to Aston Hill,” said Ben Cheng, chief investment officer of Aston Hill Asset Management Inc. “He is a strong addition to our investment team with extensive experience managing investments including high yield bonds, convertible debt and institutionally traded bank loans in the U.S. and Canada. This appointment is timely because high yield debt and convertible bonds are attractively valued and well-positioned to provide Canadian investors with high income, accompanied by less risk than equity investments.”
An increase in the monthly distribution rate in Aston Hill Strategic Yield Fund was announced on Dec. 15, 2011.
Liang brings with him more than 20 years of experience in credit and equity investments. He joins Aston Hill after three years spent at Cobalt Capital Management, a hedge fund in New York, where he was responsible for the firm’s fixed income investments. Liang is also a former senior managing director at Bear, Stearns & Co. in New York.
He holds the Chartered Financial Analyst designation, and graduated from the University of Western Ontario with a BA in Economics and McGill University with an MBA.