Toronto-based alternative investment manager, BluMont Capital, will merge its BluMont Core Hedge Fund with the Exemplar Market Neutral Portfolio, a class of shares of Exemplar Portfolios. The Market Neutral Portfolio will provide daily liquidity and lower minimum purchase amounts. The move will also result in lower management fees and tax-free switching between other portfolios in its class. The Market Neutral Portfolio shares the investment objective of the Core Hedge Fund and Sherpa Asset Management will continue to serve as portfolio sub-advisor.
Click here for the release from Marketwire.