BluMont Merges Core Hedge Fund With Exemplar Market Neutral Portfolio

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.


In Depth

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of