BluMont merges funds

Date: Thursday, July 2, 2009
Author: Advisor.ca

In an effort to streamline its fund line-up, BluMont Capital Corporation plans to merge its Canadian Opportunities Fund and Hirsh Long/Short Fund with the BluMont Core Hedge Fund.

BluMont believes that the termination of the Canadian Opportunities Fund and the Hirsh Long/Short Fund will benefit unitholders by providing increased economies of scale for operating expenses and/or the potential for increased portfolio diversification.

The Canadian Opportunities Fund and the Long/Short Fund will be terminated as of Aug. 7, 2009. On this date, unitholders of terminating funds can transfer their investments in-kind to the Core Hedge Fund.