Ark Fund Management Ltd.

Ark Fund Management Ltd.

January 21, 2008 17:31 ET

Ark Funds Announces the Launch of Corporate Class Mutual Funds

Managed by Ben Cheng and Joanne Hruska of Aston Hill Financial

TORONTO, ONTARIO--(Marketwire - Jan. 21, 2008) - Ark Fund Management (Ark Funds) is pleased to announce the launch of the Ark Aston Hill Monthly Income Class, Ark Aston Hill Opportunities Class and Ark Aston Hill Energy Class. Each of these corporate class mutual funds will be managed by the experienced investment management team at Catapult Financial Management, a subsidiary of Aston Hill Financial Inc. (TSX VENTURE:AHF) led by Ben Cheng and Joanne Hruska.

"We are ecstatic to be working with Aston Hill and believe that our investment structure, paired with their skilled investment team represents three exciting new mutual fund options for Canadian investors," said Peter Shippen, President of Ark Funds.

"Ben Cheng has amassed an enviable investment track record over the last 15 years. He is an award winning fund manager and has built an impressive portfolio management team at Aston Hill," Shippen added.

The Ark Aston Hill Funds will leverage the investment expertise of Aston Hill's portfolio management teams in Toronto and Calgary. For complete information on the funds, please consult the Simplified Prospectus. Here is a short description of each of the funds.

Ark Aston Hill Monthly Income Class

The Ark Aston Hill Monthly Income Class distributes a tax-efficient, fixed monthly distribution of 5 cents. The fund will invest in dividend paying equities, income and royalty trusts, fixed income securities and cash. The fund will have a flexible mandate in security selection, sector exposure and asset allocation.

Ark Aston Hill Opportunities Class

The Ark Aston Hill Opportunities Class will invest, predominantly, in Canadian equities with no capitalization, sector exposure or investment restrictions, other than those set out in National Instrument 81-102. In short, the fund's investments will represent the best available opportunities in the Canadian market, as determined by the portfolio management team.

Ark Aston Hill Energy Class

The Ark Aston Hill Energy Class is a fund focused on investment in the energy sector. Aston Hill has developed a significant expertise investing in oil and gas companies including private companies and small caps. The fund can invest in companies across the capitalization spectrum and also hold companies in the alternative energy and energy metals sectors.

About the Portfolio Managers:



Ben Cheng, CFA
President, Aston Hill Financial Inc.
Vice President, Portfolio Management, Catapult Financial Management Inc.


Mr. Cheng is President of Aston Hill Financial and lead Portfolio Manager to the Ark Aston Hill Monthly Income Class and Ark Aston Hill Opportunities Class. Mr. Cheng has extensive portfolio management experience in both equity and fixed income markets. Prior to joining Aston Hill, Mr. Cheng was Managing Director of Fortress Investment Group, a New York-based asset management firm specializing in hedge fund strategies and private equity investment. He joined Fortress after building an impressive track record as a portfolio manager at CI Mutual Funds. While at CI, Mr. Cheng managed the CI Signature High Income Fund and the CI Signature Dividend Fund, both funds received Canadian Investment Awards for their respective categories during his tenure as manager.

Mr. Cheng is a CFA Charterholder and holds a Bachelor of Commerce degree from the University of Toronto.



Joanne Hruska, CFA
President, Catapult Financial Management
Vice President, Aston Hill Financial Inc.


Ms. Hruska is Vice President of Aston Hill Financial and lead Portfolio Manager for the Ark Aston Hill Energy Fund. Ms. Hruska has broad investment expertise dating back to 1994, as well as having developed a specialty in Canadian junior oil and gas companies. This expertise was developed through a number of investment positions, including as oil and gas analyst at a large independent brokerage, a small oil and gas boutique and a bank-owned brokerage firm.

Ms. Hruska holds a CFA designation and a Bachelor of Commerce degree from the University of Calgary.

About Ark Fund Management Ltd:

Ark Fund Management was founded in August 2007 through the purchase of SciVest Alternative Strategies Inc. by Ark Financial Holdings Ltd. The firm offers high quality mutual fund and hedge fund products with flexible investment mandates to Canadian investors.

About Aston Hill Financial Inc:

Aston Hill Financial Inc. (TSX VENTURE:AHF) through its wholly-owned subsidiary Catapult Financial Management Inc. provides investment management services with specialties in Canadian equities and high yielding securities, oil and gas property management, private equity and structured products.

Contact Information

  • Ark Fund Management
    Peter Shippen
    President
    (416) 304-6811
    Website: www.arkfunds.ca