BLUMONT STRATEGIC PARTNERS HEDGE FUND
TSX : BSP.UN

BLUMONT STRATEGIC PARTNERS HEDGE FUND

January 17, 2006 16:33 ET

BluMont Strategic Partners Hedge Fund Appoints New Board Member

TORONTO, ONTARIO--(CCNMatthews - Jan. 17, 2006) - BluMont Strategic Partners Hedge Fund (the "Fund") (TSX:BSP.UN) announced today that it has appointed Stephen A. Stacey to its board of trustees and to hold the position of Chairman.

Mr. Stacey has been involved with the Canadian investment industry for the last 35 years, having most recently been Senior Vice-President and Managing Director, Investor Products and Services at BMO Nesbitt Burns. Stephen is also a past member of the Investment Funds Institute of Canada's Sales Practices Committee and was a member of the Working Committee on Fund Governance and Conflicts of Interest for the Steering Committee to advise the OSC regarding the Stromberg Report on Mutual Funds.

Stephen assumes this position immediately upon the concurrent retirement of David Currie from the board of trustees of the Fund.

About the Fund

The BluMont Strategic Partners Hedge Fund is a closed-end trust the primary objective of which is to achieve capital appreciation while managing risk through the use of a diversified hedged equity investment program. The Fund pursues this objective by allocating its roughly $54 million in assets across a diversified portfolio.

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 43 people nationwide and has approximately C$770 million in assets under management. BluMont is 46.1% directly owned by Toronto-based Integrated Asset Management Corp. (TSX VENTURE:IAM), a leading alternative investment management company with approximately C$3 billion in assets under management and commitments. Further information on BluMont Capital can be found at www.blumontcapital.com.

Contact Information

  • BluMont Capital Corporation
    Donna Beasant
    Vice President, Operations
    (416) 216-3566 or Toll Free: 1-866-473-7376
    (416) 216-3599 (FAX)
    www.blumontcapital.com