BluMont Capital launches BluMont Man-IP 220 Series 1
Notes
TORONTO, ONTARIO--iPerformance Fund Inc. (TSXV: IPR) is pleased
to announce that its wholly-owned subsidiary, BluMont Capital
Corporation, has launched its first multi-manager/multi-strategy
principal guaranteed structured product - the BluMont Man-IP 220
Series 1 Notes - as a result of its strategic alliance with Man
Investment Products, a leading international alternative
investment manager that is part of London-based Man Group plc
(LSE:EMG). A syndicate of investment dealers led by CIBC World
Markets Inc. will act as agents.
BluMont Man-IP 220 Series 1 Notes are modeled upon the existing
Man-IP 220 product, which has proven to be one of Man's most
successful product structures with a six-year track record of
proven performance. The Series 1 Notes aim to deliver
double-digit annual returns and provide investors access to two
of Man's most successful investment approaches - the Man-Glenwood
Portfolio which specializes in fund-of-funds products and the
Man-AHL Diversified Programme, the world's largest managed
futures program - each of which has a long track record of
success and low correlation to traditional asset classes.
The Series 1 Notes feature a principal repayment guarantee
provided by Citibank Canada that guarantees the return of an
investor's initial investment at maturity. The Series 1 Notes are
also 100% RSP eligible as Canadian content and are available to
investors until March 12, 2003 for a minimum investment of only
C$5,000.
"We are extremely excited about the launch of the BluMont Man-IP
220 Series 1 Notes" says Toreigh Stuart, Chief Executive Officer
of BluMont Capital. "The impressive performance potential of this
product coupled with the principal repayment guarantee makes this
an attractive investment opportunity for those investors looking
to diversify away from traditional equity and bond investments."
Man is one of the world's largest alternative investment managers
with assets under management of US$23.1 billion as at October 31,
2002 and has been at the forefront of the alternative investment
industry since 1983. Renowned for its pioneering work in
developing investment products that provide principal protection
features such as capital guarantees, Man has successfully
launched more than 200 products worldwide with leading
institutional firms.
With approximately C$280 million in assets under management as of
December 31, 2002, BluMont Capital is one of Canada's leading
hedge fund companies, providing blue-chip alternative investment
products of the highest caliber. BluMont Capital is 46.1% owned
by Toronto-based Integrated Asset Management Corp. (TSXV:IAM), a
premier alternative asset class manager with over C$1 billion in
assets under management. |
