Integrated Asset Management Corp.

Integrated Asset Management Corp.

November 19, 2007 08:00 ET

BluMont Capital Announces Closing of Acquisition of Halcyon Funds

TORONTO, ONTARIO--(Marketwire - Nov. 19, 2007) - BluMont Capital Corporation ("BluMont Capital"), a wholly-owned subsidiary of Integrated Asset Management Corp. ("IAM") (TSX:IAM) announces that it has closed the acquisition of the administrative management contracts of the Halcyon Hirsch Opportunistic Canadian Fund and the Halcyon Hirsch Opportunistic Tactical Allocation Fund (collectively the "Hirsch Funds") from Halcyon Fund Management Inc. and Burgeonvest Securities Limited pursuant to their agreement with BluMont Capital, as previously announced on August 13, 2007.

As part of the transaction, and prior to closing, Halcyon Canadian Demographic Fund was merged into Halcyon Hirsch Opportunistic Tactical Allocation Fund. The closing of the transaction was approved by the unitholders of the Hirsch Funds and Halcyon Canadian Demographic Fund at unitholder meetings held on October 12, 2007 and was approved by applicable regulatory authorities on November 6, 2007.

At closing, the name of Halcyon Hirsch Opportunistic Canadian Fund was changed to BluMont Canadian Fund, and the name of Halcyon Hirsch Opportunistic Tactical Allocation Fund was changed to BluMont North American Fund.

Paul Perrow, President and Chief Executive Officer of BluMont Capital, said "This is another important step in our strategy to expand BluMont Capital's product line and make widely available, by means of prospectus, access to top investment management teams. These new funds are the foundation of a unique fund family. We intend to add other funds, strategies and managers to the roster."

Founded in 2000, BluMont Capital manages and distributes alternative investment products designed to provide enhanced diversification and return potential outside of traditional equity and fixed income investments. With over 30 employees, BluMont Capital employs a national sales force and has expanding strategic alliances with multi-national financial services providers. BluMont Capital is a founding member of the Canadian Chapter of the Alternative Investment Management Association (AIMA).

IAM is Canada's leading alternative asset management company with approximately $3 billion in assets and committed capital under management in private corporate debt, private equity, managed futures, real estate and retail alternative investments.

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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