BAM Fund Sheds 6.6% In July

Aug 19 2010 | 2:51pm ET

BAM Capital’s Opportunity Fund found precious little in July.

The fund’s C-class shares plummeted 6.6% last month and are down 9.5% this year, Bloomberg News reports. Another of the fund’s share classes lost 6.4%, and is down 6.6% year-to-date.

BAM, whose assets under management have plummeted 70% over the past two years, said in March it would merge with AM Investment Partners. AM’s convertible bond fund is doing better than its new partners, rising 0.5% last month and 2.6% on the year.

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