BluMont Capital Launches BluMont Man-IP 220 Series 2
Notes
TORONTO, ONTARIO--iPerformance Fund Inc. (TSXV: IPR) is pleased
to announce that its wholly-owned subsidiary, BluMont Capital
Corporation, has launched its second multi-manager/multi-strategy
principal guaranteed structured product - the BluMont Man-IP 220
Series 2 Notes.
The launch of the Series 2 Notes comes two months after the
successful closing of the Series 1 Notes, which raised C$62.7
million in assets, and offers investors an opportunity to access
a successful and well-known product structure from one of the
world's largest independent alternative investment managers - Man
Investments. A syndicate of investment dealers co-led by CIBC
World Markets Inc., BMO Nesbitt Burns Inc., RBC Capital Markets,
National Bank Financial Inc. and TD Securities Inc. will act as
agents.
The BluMont Man-IP 220 Series 2 Notes are modeled upon the
original Man-IP 220 fund, which has proven to be one of Man's
most successful product structures with an impressive six-year
track record of positive returns each year since its December
1996 inception and an annualized net return of 19.0 % as of March
31, 2003. The Series 2 Notes provide investors access to the
Man-Glenwood Portfolio, which specializes in fund-of-hedge funds,
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 each other as well as to
traditional asset classes.
In addition to providing a principal repayment guarantee by
Citibank Canada that guarantees the return of an investor's
initial investment at maturity, the Series 2 Notes provide the
potential for enhanced diversification and positive returns in
both rising and falling markets. The Series 2 Notes are 100% RSP
eligible as Canadian content and are available to investors until
July 3, 2003 for a minimum investment of only C$5,000.
"The Series 2 Notes represent a unique opportunity for investors
to access a proven and highly successful hedge fund structure"
says Toreigh Stuart, Chief Executive Officer of BluMont Capital.
"The impressive performance of the original Man-IP 220 fund and
its low correlation to traditional assets demonstrates the
potential of the Series 2 Notes to deliver double-digit returns
and enhanced diversification irrespective of how stock and bond
markets perform."
BluMont Capital provides Canadian investors the opportunity to
invest in leading alternative investment products and is one of
Canada's leading hedge fund companies with assets under
management of over C$300 million as of March 31, 2003. BluMont
Capital is a subsidiary of Toronto-based Integrated Asset
Management Corp. (TSXV:IAM), a premier alternative asset class
manager with over C$1.3 billion in assets under management.
Man Investments is one of the world's largest independent
alternative investment managers with assets under management in
excess of US$28 billion as of May 22, 2003 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.
The TSX Venture Exchange Inc. has not reviewed and does not
accept responsibility for the adequacy or accuracy of this
release.
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FOR FURTHER INFORMATION PLEASE CONTACT:
BluMont Capital
Toreigh N. Stuart
Chief Executive Officer
(416) 216-3566
or
BluMont Capital
Paul Perrow
President
(416) 216-3566 |
