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BluMont Capital Inc. Announces Shareholder Approval of Amalgamation February 28, 2007 | |||||
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BluMont Quarterly Results February 23, 2007 | |||||
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Alternative Yield Announces Distribution February 23, 2007 | |||||
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BluMont Man Alternative Yield Fund Announces Income Distribution January 31, 2007 | |||||
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BCC Special Meeting of Shareholders January 23, 2007 | |||||
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Pork-belly Plays for the Little Guy Mary Gooderham Globe and Mail February 2007 Due to the growing global market demand for Canada’s natural resources, the urge among Canadian investors to trade in commodities has strengthened. In the past, it has been difficult for those that wanted to invest directly into commodities due to high minimum investment requirements, higher risk and a lack of retail futures products. However, managed futures funds which package future contracts in a range of commodities are now available to the retail market. Minimum investments are as low as CDN$2,000 and these funds are available through retail brokers and may come with principal and yield guarantees. Managed futures are derivatives that pool investments in futures contracts including currencies, stock indices and the more traditional resource and agricultural products. Managed futures should not be considered short-term investments as their increased volatility requires the need for a greater investment horizon prior to realizing a return on investment. The financial community has mixed reviews about managed futures funds. Some claim that they are for sophisticated investors only who can handle high risk and pay high fees. Others claim that investors looking to diversify their portfolios should consider making an allocation to managed futures funds as they can reduce risk because they have low correlation to, and produce returns independent of, other portfolio holdings. | |||||
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Due Diligence: The process of research and analysis, performed by prospective investors, into the details of a potential investment prior to making an investment decision, such as an analysis of a company’s business operations and management, and the verification of material facts. | |||||
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Issue 31 - March 7, 2007
We hope you enjoyed reading BluMont eNews. You can expect our next issue in April. BluMont eNews is a monthly email publication. We want to hear from you. Send us your comments or questions and let us know what you want to see in BluMont eNews. Email feedback@blumontcapital.com | |||||
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BluMont Capital Corporation (“BluMont”) is pleased to name Victor Koloshuk as its new President and Chief Executive Officer.
Mr. Koloshuk is Chairman and founder of Integrated Asset Management Corporation (“IAMC”) and co-founded Koloshuk Farrugia Corp. in 1988. Mr. Koloshuk has initiated and led some of Canada’s largest acquisitions and restructurings. Mr. Koloshuk was also a vice-president and director of ScotiaMcLeod Inc., specializing in corporate finance, mergers, acquisitions and merchant banking from 1975-1988, and had five years experience as a security analyst with Wood Gundy Inc. Specializing in hedge funds, BluMont offers innovative investment solutions that provide enhanced diversification and robust return potential. BluMont employs over 35 people nationwide and has approximately C$795 million in assets under management and administration as of January 31, 2007. BluMont is a wholly-owned subsidiary of Toronto-based Integrated Asset Management Corp. (TSXV:IAM), a leading alternative asset investment management company with approximately C$3 billion in assets under management and committed capital under management as of December 31, 2006. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Hedge funds remain a misunderstood and often maligned area of the investment management industry. The reality is that despite the benefits hedge funds can offer to a portfolio, many investors shy away from them because of their lack of knowledge of this asset class. Understanding hedge funds requires a higher level of sophistication than what is required with ‘traditional’ investments, however there are a variety of professional development courses and designations that can help educate investors.
To begin with, many investment firms offer their own internal hedge fund courses that advisors are required to take before recommending hedge fund products to their clients. These courses will provide a brief introduction to some of the risks of investing in hedge funds, and generally involve 5 to 10 hours of class time. These courses are usually intended to provide a basic introduction to hedge funds. The Canadian Securities Institute (CSI) offers a hedge fund course that is designed to provide financial advisors with a strong proficiency in hedge fund products. The course covers several hedge fund strategies and their associated risks, and also analyzes how hedge funds can fit into an investment portfolio. The CSI hedge fund course also outlines the various ways of investing in hedge funds, such as principal-protected notes and funds of hedge funds. The course involves one written multiple choice exam, and should leave students with a strong foundation for further research into hedge funds. The standard bearer for hedge fund education and alternative investments in general is the Chartered Alternative Investment Analyst (CAIA) designation. This is a globally recognized designation, and it is currently one of the fastest growing professional designations in the world in terms of membership. The course is designed to provide an in depth knowledge of hedge funds and alternative investment products. The course covers hedge funds, private equity, real estate, and managed futures investing. CAIA charter holders will have solid quantitative and analytical training, as well as being bound to a code of ethics. There are two levels to complete before being awarded the designation, each involving a four hour multiple choice exam. This designation is ideal for those seeking to develop an expertise in hedge funds, and is rapidly becoming a critical qualification for hedge fund analysts and professionals. The increasing popularity of hedge funds with investors, combined with their higher level of complexity, relative to traditional investments, creates an overwhelming need for professional training in this area of investment management. The above-mentioned courses are important resources for professionals looking to increase their hedge fund knowledge base. Many institutions are realizing the importance of hedge fund education, and new professional development courses and programs are being introduced on a regular basis. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
