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Tuesday, June 18, 2019

BluMont to merge funds


Date: Thursday, November 23, 2006
Author: Advisor.ca

BluMont Capital is proposing to merge its Strategic Partners Hedge Fund with its Canadian Opportunities Fund.

The firm has scheduled a special meeting of unitholders for December 29 to vote on the plan. The firm says that the investment objectives and strategies of the two funds are similar.

Under the proposal, all of the hedge fund's assets would be transferred to the Canadian Opportunities Fund. In exchange, hedge fund unitholders would receive units of the Canadian Opportunities Fund on a tax-deferred "rollover" basis while all outstanding units of the hedge fund would be redeemed.