At least 80% of the fund’s portfolio will be invested in small-cap stocks with market capitalizations of less than $3 billion. Aston said it would manage risk through diversification and a structured sell discipline.
“Crosswind is committed to seeking out unrecognized growth potential in the small-cap growth space and adhering to a highly disciplined investment process,” said Stuart D. Bilton, chairman and chief executive officer of Aston. “This fund offers investors a bottom-up investment process that identifies this potential in terms of a company’s improving financials, sustainable competitive advantage, proven management team and catalysts for recognition.”
Portfolio manager of the new fund is 19-year financial services veteran Andrew Morey, a partner with Crosswind who is the lead portfolio manager on the Crosswind Small Cap Growth and Small/Mid Cap Growth strategies.
“After 10-plus years of managing small-cap growth portfolios, we are very pleased to partner with Aston,” Morey said. “We look forward to the opportunity to provide investors with access to small-cap growth opportunities by utilizing our bottom-up security selection process and creating a high conviction portfolio while always being mindful of the need to limit volatility.”