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 on Liquid Alternatives

May 25 2016 | 5:07pm ET

The popularity of liquid alternatives strategies has blossomed in recent years,...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...