Additional Redemption Option to be Made Available to Holders of BluMont Strategic Partners Hedge Fun

Date: Thursday, November 27, 2003

BluMont Capital Corporation, Manager of the BluMont Strategic Partners Hedge Fund (the "Fund"), announces today that holders of units of the Fund who elect to redeem their units at the Net Asset Value per unit determined as of the forthcoming annual redemption date, January 30, 2004, will have the option to redirect all or a portion of their redemption proceeds on account of a subscription for the BluMont Man Multi-Strategy Series A Notes (the "Multi-Strategy Notes"). In addition to the foregoing, Holders will continue to have the option to receive their redemption proceeds in cash or to continue holding their units in the Fund. With the aim of delivering double-digit annual returns with lower than equity market volatility, the Multi-Strategy Notes will provide a principal repayment guarantee by Citibank Canada that guarantees the return of an investor's initial investment in the Multi-Strategy Notes at maturity and are 100% RSP eligible as Canadian content. The Multi-Strategy Notes are modeled upon the original Man Multi-Strategy Guaranteed Limited fund, which has a three-year track record of positive returns since its July 2000 inception and an annualized net return of 13.2% as of July 31, 2003.