Jovian acquires DeltaOne Capital Partners

Date: Wednesday, October 13, 2004

Linder to continue relationship with oil and gas hedge fund advisor- Jovian Asset Management Inc. has acquired 100% of the issued and outstanding shares of DeltaOne Capital Partners Corp. (Canada). A preliminary deal was announced in February. DeltaOne provides advisory services to hedge funds in the oil and gas, natural resource and technology sectors. It currently provides services to the DeltaOne Energy Fund, the DeltaOne Energy RSP Fund, the DeltaOne Northern Rivers Fund and the DeltaOne Northern Rivers RSP Fund. The acquisition by Jovian includes a continuation of the relationship with Peter Linder, the principal strategist for the DeltaOne energy fund products. "This acquisition continues our strategy to build a substantial presence in the alternative asset business. Peter Linder has established a reputation as an expert in the energy sector, and we are also excited to begin a relationship with Hugh Cleland (Northern Rivers), another alternative asset strategist. We are confident that they will continue to deliver superior performance for their clients," said Jovian executive vp Mark Arthur, in a release. Jovian Asset is a unit of Jovian Capital Corp.