BluMont Capital Inc.
TSX VENTURE : BCC

BluMont Capital Inc.

November 17, 2006 14:02 ET

BluMont Man-IP 220 Series 4 Notes Close at C$41.1 Million

TORONTO, ONTARIO--(CCNMatthews - Nov. 17, 2006) - BluMont Capital Inc. ("BluMont")(TSX VENTURE:BCC) is pleased to announce it raised C$41.1 million with its fourth series of the BluMont Man-IP 220 Notes ("Series 4 Notes") - a multi-manager/multi-strategy investment product with a 100% principal repayment guarantee from Citibank Canada.

"We are extremely pleased with the assets raised in our fourth offering of the BluMont Man-IP 220 Notes," said Steve Kangas, President of BluMont Capital. "This success further demonstrates the support by Canadian investment advisors and their clients for innovative alternative investment programs that provide the potential for enhanced diversification and positive returns in both rising and falling markets."

The Series 4 Notes provide investors access to the Glenwood Portfolio, a fund-of-hedge funds, and the AHL Diversified Programme, one of the world's largest managed futures program-each of which has a long track record of success and historically low correlation to each other as well as to traditional asset classes. Past performance is not indicative of future results.

About BluMont

BluMont is a leading provider of alternative investment products to Canadian investors. The company offers investors innovative investment solutions that provide enhanced diversification and robust return potential. BluMont employs over 41 people nationwide and has approximately C$790 million in assets under management, BluMont is 61.4% owned by Toronto-based Integrated Asset Management Corp. (TSXV:IAM), a leading alternative asset investment management company with approximately C$3 billion in assets and committed capital under management. Further information on BluMont can be found at www.blumontcapital.com.

About Man Investments

Man Investments, the asset management division of Man Group plc, is a global leader in the alternative investment industry. It provides innovative products and tailor-made solutions to private and institutional investors. In its core hedge fund asset class, Man Investments offers funds of hedge funds, structured and style products. The firm's experience stretches back more than two decades and defines the standard for excellence in an industry whose central goal is to provide diversification away from traditional equity and bond investments. Man Investments has a powerful global presence with central operations in Pfaffikon (Switzerland) and London and key centers in Chicago, Montevideo, Hong Kong, Sydney, Tokyo, Toronto and Dubai and has an extensive network of distribution partners.

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

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