•  
• Tweet
•  
•        Print
•  
•         Track Keywords
•  
• 

Victor Koloshuk From Komfie Manalo, Opalesque Asia:

Toronto, Canada-based BluMont Capital Corporation, a wholly-owned subsidiary of Toronto-based Integrated Asset Management Corp., has announced that the merger of BluMont Core Hedge Fund and Exemplar Market Neutral Portfolio has been completed. The move is in line with BluMont’s direction towards streamlining its product line.

In a statement, BluMont Capital said that the Core Hedge Fund was officially terminated on May 27. But before the Core Fund was wound down, the company said the fund’s unitholders were given the opportunity to participate in its termination by way of an in-kind transfer of their investment to the Market Neutral Portfolio.

The Market Neutral Portfolio has the same fundamental investment objective as the Core Hedge Fund and Sherpa Asset Management Inc. will continue in its role as portfolio sub-advisor.

BluMont first announced its merger plan in April. It added that the termination of the Core Hedge Fund and unitholder participation in the Market Neutral Portfolio will benefit unitholders.

"The Market Neutral Portfolio will provide daily liquidity and lower minimum purchase amounts, along with lower......................

To view our full article Click here