BluMont Capital Announces Update on Status of Arrangements with Man Investments.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. ) ("BluMont") is pleased to announce an update on the status of its arrangements with Man Investments Inc. ("Man Investments"), the US member of the asset management division of London-based Man Group plc (LSE LSE - Language Sensitive Editor :EMB EMB eosin-methylene blue. ). Since 2002, BluMont and Man Investments have worked together successfully to market and distribute co-branded retail structured 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" products through the investment advisor channel in Canada ("Structured Products"). To date, BluMont has raised over C$416 million in all Structured Products offerings and in addition, there are two new products currently being marketed. The current agreement between BluMont and Man Investments has been amended effective immediately. BluMont will continue to service the existing Structured Products, including the two offerings currently being marketed, and more Structured Products are planned for 2006 with Man Investments. As a result of the amendment, BluMont will receive net fees for servicing the Structured Products, at a level similar to that under the current agreement, for the duration of these investment products, which have expected maturities ranging from 2013 to 2016. Given the many opportunities in the Canadian market, Man Investments has concluded that it will bring more of its range of financial products to both retail and institutional investors in Canada beyond the products currently distributed through BluMont. As part of the amended agreement, BluMont will be assisting Man Investments with certain initiatives in Canada which Man Investments wishes to implement. "Man Investments has been extremely pleased with the strategic alliance we have with BluMont, which has been very successful", declares John M. Kelly, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Man Investments Inc. "We believe that this is the right time to introduce new products in Canada". "The Man Investments relationship has been, and will remain very important to BluMont. We are looking forward to working with Man Investments to assist them with their new initiative", says Stephen J. Kangas, President of BluMont Capital. About BluMont BluMont Capital is a leading provider of alternative investment products to Canadian investors. Specializing in hedge funds, the firm offers 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 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. . 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. About Man Investments Man Investments, the asset management division of Man Group plc, is a global leader in the fast growing alternative investments industry. It provides innovative products and tailor-made solutions to private and institutional investors. Through its core investment managers - AHL AHL American Hockey League AHL Action Half-Life (Half-Life modification) AHL Acyl Homoserine Lactone AHL Aramark Harrison Lodging AHL Acylated Homoserine Lactone AHL Association for the History of Language AHL Architects Hawaii Ltd , Glenwood, Man Global Strategies and RMF RMF Resource Measurement Facility RMF Rich Music Format RMF René Moawad Foundation (Hazmieh, Lebanon) RMF Rich Map Format (Worldcraft Half-Life mapping tool) RMF Relativistic Mean Field - Man Investments has succeeded in developing leadership in hedge funds and has interests in other asset classes. In its core hedge fund asset class, Man Investments offers funds of hedge funds, structured and style products. Its track record 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 centres in Chicago, Montevideo, Hong Kong, Sydney, Tokyo and Dubai and has an extensive network of distribution partners. 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) |
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