BluMont Capital and Man Investments Extend Strategic Alliance.TORONTO -- BluMont Capital Inc. ("BluMont") (TSXV: 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 its wholly-owned subsidiary, BluMont Capital Corporation and Man Investments Inc. ("Man"), the US member of the asset management division of London-based Man Group plc (LSE LSE - Language Sensitive Editor :EMG EMG abbr. electromyogram Electromyography (EMG) A diagnostic test that records the electrical activity of muscles. ) ("Man Group"), are extending their strategic alliance to market and distribute co-branded retail alternative investment products in Canada. Under the terms of the current strategic alliance, BluMont continues to offer Canadian investors structured products managed by Man, including the BluMont Man IP 220 Notes and BluMont Man Multi-Strategy Note Series. BluMont has raised over C$342 million in all BluMont Man offerings since March 2003. "We are extremely excited about our continued alliance with Man Investments and the products we can develop together for Canadian investors as a result" 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. "It represents a real competitive advantage to be able to meet investor needs by offering products with different risk and reward profiles, including products with capital guarantees." "Man has been extremely pleased with the strategic alliance we have with BluMont, which has been very successful and continues to strengthen over time," declares John M. Kelly, President and CEO of Man Investments Inc. "Given our plans to extend our product range in Canada, we believe that this is the right time to formally extend our alliance with BluMont even though it was not to expire until the latter half of next year." The agreement will be discussed in further detail shortly at an investor/press conference which will be held by BluMont and Man. About BluMont BluMont is a leading provider of alternative investment products to Canadian retail clients and investors. Specializing in hedge funds, the firm offers investors innovative investment solutions that provide enhanced diversification and robust return potential. Established in 2000, BluMont employs more than 47 people nationwide and has approximately C$550 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. as of July 30, 2004. 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]. ), Canada's leading alternative asset manager with approximately C$2.5 billion in assets under management and commitments. Further information on BluMont Capital can be found at www.blumontcapital.com. About Man Investments Man Investments (Man) is an independent and global leader in alternative investments, providing innovative products and tailor-made solutions for private and institutional clients. Through its core investment managers, Man has succeeded in developing specialized strengths in different alternative asset classes - hedge funds, private equity, leveraged finance and convertible bonds. Established in 1983, Man has launched around 450 products, many of them with leading financial institutions. It manages approximately $38.5 billion(1) and employs around 1000 people worldwide. Man has offices in Chicago, Switzerland, London, Hong Kong, the Middle East, Montevideo, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and Tokyo. Further information on Man Investments can be found at www.maninvestments.com (1)as of March 31, 2004 About Man Group plc Man Group plc is a leading global provider of alternative investment products and solutions as well as one of the world's largest futures brokers. The Group employs over 2,800 people in 15 countries, with key centers in London, Pfaffikon (Switzerland), Chicago, New York, Paris, Singapore and Sydney. Man Group plc is listed on the London Stock Exchange London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. (EMG.L) and is a constituent of the FTSE 100 index FTSE 100 Index A market-weighted index of the 100 leading companies traded in Great Britain on the London Stock Exchange. The Financial Times . Further information on Man Group can be found at www.mangroupplc.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 TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:BCC) |
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