BluMont Capital Corporation has launched its latest multi-manager/multi-strategy principal guaranteed structured product, the BluMont Man Multi-Strategy Notes.
Toreigh Stuart, Chief Executive Officer of Toronto-based BluMont Capital, said: “We are very excited about this particular product as it offers investors an opportunity to access a truly diversified investment product from Man Investments.”
A syndicate co-led by CIBC World Markets Inc., BMO Nesbitt Burns Inc., RBC Capital Markets, National Bank Financial Inc. and TD Securities Inc., and including Desjardins Securities Inc., HSBC Securities (Canada) Inc., Canaccord Capital Corporation, Dundee Securities Corporation, First Associates Investments Inc. and Raymond James Ltd. will act as agents.
With the aim of delivering double-digit annual returns with lower than equity market volatility, the Multi-Strategy Notes are a further diversified evolution of BluMont’s recent Man-IP 220 Series 1 and Series 2 Notes offerings, which together raised Canadian Dollars 146.4 million in assets.
The BluMont Man Multi-Strategy Notes are modeled upon the original Man Multi-Strategy Guaranteed Limited fund, which has a three-year track record of positive returns each year since its July 2000 inception and an annualised net return of 13.2% as of July 31, 2003. To date, Man Investments has raised over USD 2 billion worldwide in the Man Multi-Strategy Guaranteed Limited series through five global and nine private launches.
Initially, capital invested in the Multi-Strategy Notes will be allocated to a wide range of alternative investment strategies that can be categorized into five broad styles – managed futures, arbitrage, fund of hedge funds, equity hedge, and long/short equities. These strategies have low correlation to each other and to traditional investments, meaning the Multi-Strategy Notes have the potential to enhance portfolio returns, reduce overall risk and provide valuable diversification benefits irrespective of how the markets perform.
In addition to providing a principal repayment guarantee by Citibank Canada that guarantees the return of an investor’s initial investment at maturity, the Multi-Strategy Notes provide C$150 of investment exposure for every C$100 of initial capital invested, are 100% RSP eligible as Canadian content and are available to investors until November 14th, 2003 for a minimum investment of C$5,000.
Background Note: BluMont Capital provides Canadian investors with access to alternative investment products and is one of Canada’s leading hedge fund companies with assets under management of over C$375 million as of August 31, 2003. BluMont Capital is 46.1% owned by Toronto-based Integrated Asset Management Corp., a leading alternative asset manager with over C$1.4 billion in assets under management.
Man is one of the world’s largest independent alternative investment managers. A provider of alternative investment solutions since 1983, Man has 15 offices around the world and as of July 9, 2003, over USD 30 billion in assets under management.
