One year after the “untimely” death of Richard Aster, founder of Larkspur, Ca.-based Aster Capital Investment Management, the investment advisor is selling off its assets.

Specifically, the Meridian Equity Income Fund (MEIFX), Meridian Growth Fund (MERDX) and the Meridian Value Fund (MVACX) are being sold to Arrowpoint AIM, a wholly-owned subsidiary of Denver-based hedge fund Arrowpoint Asset Management. The deal is expected to close in the third quarter of 2013. All three funds have a combine value of some $2.84 billion in assets under management as of May 31, according to public records.

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