Cornerstone Investment Partners has been selected by Aston Asset Management as new sub-adviser for its ASTON Value Fund. Effective from July 15, 2011, Cornerstone will replace MFS Institutional Advisors.

As a part of the appointment, the asset management firm has also rebranded the fund to the ASTON/Cornerstone Large Cap Value Fund. The senior employees of Cornerstone, John Campbell, Rick Nostrand, Cameron Clement and Dean Morris, will be portfolio managers of the fund.

Click here for the release from PR Newswire.