TORONTO, ONTARIO -- (MARKET WIRE) -- 06/12/06 -- BluMont
Capital Inc. ("BluMont") (TSX VENTURE: BCC) is pleased
to announce that it has launched the BluMont Core Hedge Fund
(the "Fund") - a single manager long/short equity
fund with a North American focus.
The investment advisor of the BluMont Core Hedge Fund is
Burlington Capital Ltd ("Burlington Capital"). Founded
in 2004 by CEO Allan Brown, CFA and President, Geoffrey Barth,
CFA, Burlington Capital is also one of the investment advisors
for the multi-manager BluMont Canadian Opportunities Fund.
Burlington Capital's success comes from its fundamental stock
research that has enabled them to unearth significant investment
opportunities. Allan Brown and Geoffrey Barth have worked
together for more than ten years and have 27 years of combined
investment experience, including 20 years of portfolio management
experience across a number of market sectors, asset classes
and fund portfolios.
"We are extremely excited to be working with BluMont
Capital," says Allan Brown. "We feel the BluMont
Core Hedge Fund is a unique fund in Canada with our emphasis
on paired positions." Geoffrey Barth continues, "Our
competitive advantage is in picking stocks and our goal is
to generate annual returns of 10% to 20% with less volatility
than the benchmark indices." Stephen J. Kangas, President
of BluMont Capital adds, "We anticipate great interest
in this new fund and we believe this should be a core fund
for qualified investors."
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