Thursday, 25 December 2014
Last updated 19 hours ago
Apr 15 2011 | 1:06pm ET
Toronto-based BluMont Capital will merge its BluMont Core Hedge Fund with Exemplar Market Neutral Portfolio, a class of shares of Exemplar Portfolios.
BluMont says the merger will benefit investors because the Market Neutral Portfolio will provide daily liquidity and lower minimum purchase amounts, reports Advisor.ca. The firm says the move will also result in lower management fees and tax-free switching between other portfolios in its class.
BluMont says the Market Neutral Portfolio shares the investment objective of the Core Hedge Fund and Sherpa Asset Management will continue to serve as portfolio sub-advisor.
The Core Hedge Fund will cease to be in May 2011. BluMont does not need the approval of unit holders for the merger.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.