BluMont Capital Inc.
TSX VENTURE : BCC

BluMont Capital Inc.

June 12, 2006 12:04 ET

BluMont Capital Launches BluMont Core Hedge Fund

TORONTO, ONTARIO--(CCNMatthews - June 12, 2006) - BluMont Capital Inc. ("BluMont") (TSX VENTURE:BCC) is pleased to announce that it has launched the BluMont Core Hedge Fund (the "Fund") - a single manager long/short equity fund with a North American focus.

The investment advisor of the BluMont Core Hedge Fund is Burlington Capital Ltd ("Burlington Capital"). Founded in 2004 by CEO Allan Brown, CFA and President, Geoffrey Barth, CFA, Burlington Capital is also one of the investment advisors for the multi-manager BluMont Canadian Opportunities Fund.

Burlington Capital's success comes from its fundamental stock research that has enabled them to unearth significant investment opportunities. Allan Brown and Geoffrey Barth have worked together for more than ten years and have 27 years of combined investment experience, including 20 years of portfolio management experience across a number of market sectors, asset classes and fund portfolios.

"We are extremely excited to be working with BluMont Capital," says Allan Brown. "We feel the BluMont Core Hedge Fund is a unique fund in Canada with our emphasis on paired positions." Geoffrey Barth continues, "Our competitive advantage is in picking stocks and our goal is to generate annual returns of 10% to 20% with less volatility than the benchmark indices." Stephen J. Kangas, President of BluMont Capital adds, "We anticipate great interest in this new fund and we believe this should be a core fund for qualified investors."

About BluMont Capital

BluMont Capital is a leading provider of alternative investment products to Canadian investors. Specializing in hedge funds, the firm offers innovative investment solutions that provide enhanced diversification and robust return potential. BluMont employs 35 people nationwide and has approximately C$870 million in assets under management and administration. BluMont is 46.1% indirectly owned by Toronto-based Integrated Asset Management Corp. (TSXV:IAM), a leading alternative asset manager with approximately C$3 billion in assets under management and commitments. Further information on BluMont Capital can be found at www.blumontcapital.com.

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

Contact Information

  • BluMont Capital
    Stephen J. Kangas
    President
    (416) 216-3566