{"id":141,"date":"2003-05-27T00:00:00","date_gmt":"2003-05-27T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"blumont-and-man-group-together-for-second-canadian-note","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2003\/blumont-and-man-group-together-for-second-canadian-note.html","title":{"rendered":"BluMont and Man Group Together for Second Canadian Note"},"content":{"rendered":"<p>TORONTO (HedgeWorld.com) &#8211; BluMont Capital Corp. launched its second structured hedge fund, the BluMont Man-IP 220 Series 2 Notes.<\/p>\n<p>  The issue follows the successful sale of C$62.7 million (US$46 million) of the Series 1 notes, both of which are managed by Man Investments Ltd., a subsidiary of Man Group plc*. The Series 1 note,  which combines two Man strategies: hedge fund of funds run by Glenwood and futures management by Man-AHL, launched in January.<\/p>\n<p>  The Series 2 notes will be offered until July 3 and can be purchased through RSPs, the Canadian version of the Individual Retirement Accounts in the United States. The minimum to invest is C$5,000  on the notes, which mature December 2013. Citibank Canada is providing the guarantee.<\/p>\n<p>  Total fees on the fund will be about 4.5% annually with the underlying hedge fund and futures programs receiving 20% of profits, said Bryan Nykoliation, vice president of marketing for BluMont.<\/p>\n<p>  BluMont, a unit of iPerformance Fund Inc., managed C$300 million as of March 31.<\/p>\n<p>  Man recently announced its assets under management had topped US$28 billion, attracting good performance from its futures management but not from Man-Glenwood.<\/p>\n<p>  *Man Group plc is a minority investor in HedgeWorld.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TORONTO (HedgeWorld.com) &#8211; BluMont Capital Corp. launched its second structured hedge fund, the BluMont Man-IP 220 Series 2 Notes. The issue follows the successful sale of C$62.7 million (US$46 million) of the Series 1 notes, both of which are managed [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-141","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/141","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=141"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/141\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=141"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=141"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=141"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}