Friday, 24 February 2017
Last updated 11 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.