BluMont Capital Passes C$750 Million Milestone In Assets Under Management.TORONTO -- BluMont Capital (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. ) is pleased to announce that it has passed the C$750 million milestone 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. ("AUM Aum (ä·ōōmˑ), n.pr 1. in Ayurveda, the subtle, noiseless cosmic vibration in which consciousness existed in the beginning, before the elements appeared. "). BluMont Capital's AUM have grown by over $200 million in the past twelve months. This growth is attributed to positive performance from all products coupled with increased investor interest in BluMont's hedge fund products, including the BluMont Hirsh Long/Short Fund, the BluMont Canadian Opportunities Fund with its unique combination of some of Canada's leading hedge fund managers and the BluMont Man structured products program. The BluMont Man structured products program is part of BluMont Capital's strategic alliance with Man Investments ("Man"), one of the world's largest independent alternative investment managers, and has raised over $420 million in assets since March 2003. "We are pleased with our growth this past year and with continued support from our financial advisor clients and their investors, we feel we are well on our way to approaching our next milestone of one billion dollars in assets under management" says Toreigh Stuart, 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 BluMont. 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 approximately 45 people nationwide and has approximately C$775 million in assets under management. BluMont is 46.1% 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) |
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