Aston Hill announces fund changes

Aston Hill Asset Management has announced it will replace Lazard Asset Management LLC and Lazard Asset Management (Canada), Inc. as the portfolio advisors to Lazard Strategic Global Convertible Bond Trust, Navina/Lazard U.S. High Yield Bond Fund and Navina/Lazard Strategic Trust, effective on or about June 3, 2011.

The change is being made in anticipation of Lazard Global Convertible Bond Fund, which currently links its returns to Lazard Strategic Global Convertible Bond Trust, becoming a mutual fund on or about June 30, 2011 and other changes under consideration to make the mutual funds managed by the Aston Hill available to investors on a common platform.

Andrew Hamlin, vice-president and portfolio manager, will become the lead portfolio manager for the affected funds. The funds will be rebranded under the Aston Hill name, subject to regulatory requirements.

Hamlin has extensive experience in managing portfolio investments in high yield, convertible debentures, equities, and preferred shares. He joined Aston Hill in May 2007, after spending over 5 years in the equity research departments of TD Newcrest (TD Securities), CIBC World Markets, and GMP Securities.

His previous experience includes working as a political analyst at the Privy Council Office in Ottawa and in the microfinance industry in Brazil. Hamlin holds a M.B.A. from the Schulich School of Business, a M.A. International Relations from Sussex University, UK, and a B.A. in economics and history.

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