BluMont Man Multi-Strategy Notes Close at C$35.8 Million.Business Editors TORONTO--(BUSINESS WIRE)--Nov. 19, 2003 BluMont Capital Inc. ("BluMont") (TSXV: BCC) is pleased to announce that its wholly-owned subsidiary, BluMont Capital Corporation, has raised C$35.8 million with its third multi-manager/multi-strategy principal guaranteed structured product - the BluMont Man Multi-Strategy Notes ("Multi-Strategy Notes"). The successful offering, which closed November 18, 2003, was supported by a syndicate of agents co-led by CIBC World Markets CIBC World Markets is the investment banking division of the Canadian Imperial Bank of Commerce. It helps governments, large companies, and other large institutions obtain capital and credit and is a primary dealer in U.S. Treasury securities. Inc., BMO Nesbitt Burns  This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . Inc., RBC Capital Markets RBC Capital Markets is the corporate and investment banking division of Royal Bank of Canada ("RBC"). Broker dealers Depending on the jurisdiction, the division uses different broker dealer subsidiaries of RBC:
HSBC Humane Society of Broward County (Florida) HSBC Humane Society of Bay County (Bay County, Michigan) Securities (Canada) Inc., Canaccord Capital Corporation, Dundee Securities Corporation, First Associates Investments Inc. and Raymond James Ltd. The Multi-Strategy Notes program is part of BluMont's strategic alliance with Man Investments, one of the world's largest independent alternative investment managers. The closing of the Multi-Strategy Notes, along with the BluMont Man-IP 220 Series 1 and Series 2 Notes which were issued earlier this year, brings the total assets raised in the BluMont Man Notes investment program to C$182.2 million. With the aim of delivering double-digit annual returns with lower than equity market volatility, the Multi-Strategy Notes are modeled upon the original Man Multi-Strategy Guaranteed Limited fund, which has an impressive three-year track record of positive returns each year since its July 2000 inception and an annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. net return of 12.9% as of September 30, 2003. To date, Man Investments has raised over US$ 2 billion worldwide in the Man Multi-Strategy Guaranteed Limited series through five global and nine private launches. Initial capital invested in the Multi-Strategy Notes will be allocated to a wide range of alternative investment strategies that can be categorized into five broad styles - managed futures, arbitrage, fund of hedge funds A fund of hedge funds is a fund which invests in several different hedge funds to spread the risks. Funds of hedge funds select hedge fund managers and construct portfolios based upon those selections. , equity hedge, and long/short equities. These strategies have low correlation to each other and to traditional investments, meaning the Multi-Strategy Notes have the potential to enhance portfolio returns, reduce overall risk and provide valuable diversification benefits irrespective of how the markets perform. In addition to providing a principal repayment guarantee by Citibank Canada that guarantees the return of an investor's initial investment at maturity, the Multi-Strategy Notes provide C$150 of investment exposure for every C$100 of initial capital invested, and are 100% RSP RSP right sacroposterior (position of the fetus). eligible as Canadian content. "We are very pleased with the assets raised in our first offering of the Multi-Strategy Notes," says Toreigh Stuart, Chief Executive Officer of BluMont Capital. "The success of this offering has clearly demonstrated we provide a strong and viable investment solution to those investors seeking enhanced diversification and low correlation to traditional assets." Man Investments ("Man") is one of the world's largest independent alternative investment managers. A provider of alternative investment solutions since 1983, Man has 15 offices around the world and as of October 31, 2003, assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. are estimated to be US$ 32.5 billion. Renowned for its pioneering work in developing structured investment products with principal repayment guarantees, Man has successfully launched more than 200 investment vehicles worldwide. Man is part of Man Group plc, an international financial services business that 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. 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 of leading companies. The Man Group can trace its origins back to 1783. BluMont Capital provides Canadian investors the opportunity to invest in leading alternative investment products and is one of Canada's leading hedge fund companies with assets under management of approximately C$448 million. BluMont Capital is 46.1% owned by Toronto-based Integrated Asset Management Corp. (TSXV:IAM), a premier alternative asset class manager with over C$1.5 billion in assets under management (www.iamgroup.ca) Further information about 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. |
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