BluMont Capital Inc.
TSX VENTURE : BCC

BluMont Capital Inc.

October 11, 2005 12:05 ET

BluMont Capital Passes C$750 Million Milestone In Assets Under Management

TORONTO, ONTARIO--(CCNMatthews - Oct. 11, 2005) - BluMont Capital (TSX VENTURE:BCC) is pleased to announce that it has passed the C$750 million milestone in assets under management ("AUM").

BluMont Capital's AUM have grown by over $200 million in the past twelve months. This growth is attributed to positive performance from all products coupled with increased investor interest in BluMont's hedge fund products, including the BluMont Hirsh Long/Short Fund, the BluMont Canadian Opportunities Fund with its unique combination of some of Canada's leading hedge fund managers and the BluMont Man structured products program.

The BluMont Man structured products program is part of BluMont Capital's strategic alliance with Man Investments ("Man"), one of the world's largest independent alternative investment managers, and has raised over $420 million in assets since March 2003.

"We are pleased with our growth this past year and with continued support from our financial advisor clients and their investors, we feel we are well on our way to approaching our next milestone of one billion dollars in assets under management" says Toreigh Stuart, President and CEO of BluMont.

About BluMont Capital

BluMont Capital is a leading provider of alternative investment products to Canadian investors. Specializing in hedge funds, the firm offers investors innovative investment solutions that provide enhanced diversification and robust return potential. BluMont employs approximately 45 people nationwide and has approximately C$775 million in assets under management. BluMont is 46.1% 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
    Toreigh N. Stuart
    Chief Executive Officer
    (416) 216-3566