Integrated Asset Management Corp.
TSX : IAM

Integrated Asset Management Corp.

August 13, 2007 14:56 ET

Integrated Asset Management Corp. and BluMont Capital Corporation Announce Purchase of Halcyon Mutual Funds from Burgeonvest Securities Limited and Halcyon Fund Management Inc.

TORONTO, ONTARIO--(Marketwire - Aug. 13, 2007) - Integrated Asset Management Corp. ("IAM") (TSX:IAM) today announced that its wholly owned subsidiary, BluMont Capital Corporation ("BluMont") has entered into an agreement with Burgeonvest Securities Limited and Halcyon Fund Management Inc. (collectively, the "Vendors") to transfer the administrative management contracts of the Halcyon Hirsch Opportunistic Canadian Fund, the Halcyon Hirsch Opportunistic Tactical Allocation Fund and the Halcyon Canadian Demographic Fund (collectively the "Hirsch Funds") from the Vendors to BluMont.

In consideration for the transfer of the management contracts, the Vendors will receive from BluMont cash on closing and deferred consideration based on assets under management in respect of the Hirsch Funds.

It is intended that the Halcyon Canadian Demographic Fund will be merged with Halcyon Hirsch Opportunistic Canadian Fund.

The closing of the transaction is subject to the approval of the unitholders of the Hirsch Funds at meetings expected to take place in October and receipt of all necessary regulatory approvals.

Burgeonvest is a full-service investment dealer and portfolio manager based in Hamilton, Ontario. Its parent company, Burgeonvest Financial Corporation, has varied interests in the financial services industry.

Founded in 2000, BluMont manages and distributes alternative investment products designed to provide enhanced diversification and return potential outside of traditional equity and fixed income investments. With over 35 employees, BluMont employs a national sales force and has expanding strategic alliances with multi-national financial services providers. BluMont 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 investment management, property management and retail products, including hedge funds.

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

Contact Information