Aston Hill Asset Management Inc. Tuesday announced the launch of Aston Hill Energy Growth Class.
The fund’s objective is to achieve long-term capital appreciation by investing, directly or indirectly, primarily in equity securities of Canadian energy and resource issuers.
It seeks to achieve its investment objective by investing in shares of resource companies engaged in oil and gas or mining exploration, development or production or energy production, including alternative energy production such as from wind, and that: have experienced management; have a strong exploration program in place; may require time to mature; and offer potential for future growth.
The launch of the fund is a result of the completion of the previously announced amalgamation of Aston Hill Resource Corp. with the assets of Aston Hill Corporate Funds Inc., which took place on March 24.
The amalgamation relates to the change of manager of Redwood Energy Growth Class from Redwood Asset Management Inc. to Aston Hill that was completed on January 1.
Aston Hill is a wholly owned subsidiary of Aston Hill Financial Inc. (TSX: AHF), a diversified asset management company with offices in Calgary, Toronto and Halifax.