BluMont Capital Announces Management Change.TORONTO -- BluMont Capital Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:BCC (Blind Carbon Copy) The field in an e-mail header that names additional recipients for the message. It is similar to carbon copy (cc), but the names do not appear in the recipient's message. Not all e-mail systems support the bcc feature. See fcc. ) announced today that Toreigh N. Stuart, Chief Executive Officer has left the Corporation effective immediately. Thomas H. Simpson, Chairman said "On behalf of BluMont's board of directors and its employees, I would like to extend our thanks to Toreigh for his tremendous efforts in building the Corporation since 2000 into a leading hedge fund hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" company with approximately $770 million in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. ". Mr. Stuart said "I have spent almost six years at BluMont and I now look forward to embarking on a different career avenue. I wish Mr. Simpson and Mr. Kangas, as well as the entire BluMont team, continued success in the growth of the firm". As Chairman, Mr. Simpson will work closely with Stephen Kangas, President of the Corporation together with the Corporation's senior management. Mr. Simpson was Executive Vice-President and Director for Global Strategy Financial Inc., a mutual fund company that managed and distributed the Global Strategy Investment Funds Noun 1. investment funds - money that is invested with an expectation of profit investment assets - anything of material value or usefulness that is owned by a person or company in association with Rothschild Asset Management Limited, of London England. Mr. Kangas has been with the Corporation since January 2004 and was appointed President in December 2005. 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. (TSXV:IAM IAM - Interactive Algebraic Manipulation. Interactive symbolic mathematics for PDP-10. ["IAM, A System for Interactive Algebraic Manipulation", C. Christensen et al, Proc Second Symp Symb Alg Manip, ACM Mar 1971]. ), 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 TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. Inc. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. BluMont Capital Inc. (TSX VENTURE:BCC) |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion