BluMont launches new core hedge fund |
Date: Monday, June 12, 2006
Author: Advisor.ca
BluMont Capital announced today that it has added the BluMont Core Hedge Fund to the company's product line up for qualified investors.
The single manager, long/short equity fund invests with a focus on North American securities. The strategy combines long positions with the ability to short sell securities that are expected to decrease in value.
The company says the long component of the strategy usually resembles mutual fund investment strategies, while the hedge fund's short component gives managers the ability to use leverage which primarily differentiates a long/short hedge fund from that of a traditional mutual fund.
The Core Hedge fund will be managed by Burlington Capital.
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