Orchard Asset Management Selected as Investment Advisor to BluMont's Canadian Opportunities Fund

Date: Tuesday, July 19, 2005
Author: CNW

TORONTO, July 19 /CNW/ - Orchard Asset Management, a Canadian hedge fund
company, today announced it has been selected as an investment advisor to
BluMont Capital's Canadian Opportunities Fund. As a result of the deal,
BluMont clients will now have the ability to invest in both the Orchard
Managed Risk and Orchard Relative Value strategies. Additional terms of the
deal have not been disclosed.
    "Orchard is delighted to have been selected by one of Canada's   
fastest-growing alternative investment firms to be a part of its flagship
Canadian fund," said Randy Cass, President of Orchard Asset Management.
"Orchard's inclusion in the BluMont fund represents the first opportunity for
most Canadians to invest in the type of sophisticated, quantitative-based
portfolios usually only available to large institutional investors. We are
very excited to be opening these strategies up to the national market through
BluMont."
    The BluMont Canadian Opportunities Fund's objective is to deliver
consistently positive returns each year independent of the performance of the
S&P/TSX Index by investing in multiple investment styles with a low
correlation to each other which mitigate the overall risk of the portfolio
through various hedging strategies.
    "We are excited to be offering our investors access to the strategies
offered by Orchard Asset Management," said Toreigh Stuart, President and CEO
of BluMont Capital. "Orchard is a dynamic Canadian hedge fund company offering
unique products to the market and is a perfect fit in our Canadian
Opportunities Fund."

    BluMont Capital is a leading provider of alternative investment products
to Canadian investors. Specializing in hedge funds, the firm offers investors
innovative investment solutions that provide enhanced diversification and
robust return potential. BluMont employs almost 50 people nationwide and has
approximately C$700 million in assets under management. BluMont is 46.1% owned
by Toronto-based Integrated Asset Management Corp. (TSXV:IAM), a leading
alternative asset manager with over C$2.8 billion in assets under management
and commitments. Further information on BluMont Capital can be found at
www.blumontcapital.com.

    Orchard Asset Management is a hedge fund company founded on the
principles of objectivity in investment procedures and selection, the
exploitation of inefficiencies in market structures and a complete systematic
control over risk management. Further information on Orchard Asset Management
can be found at www.orchardam.com.

For further information: Randy Cass, Orchard Asset Management, 
(416) 840-0420, info@orchardam.com