Arrow Capital strikes deal to buy BluMont Capital


Location Date: 
Financial Post, September 2013

It took about nine months of seeking out a strategic partner but publicly listed Integrated Asset Management has found a buyer for its retail unit, BluMont Capital.

On Thursday, IAM announced that Arrow Capital Management had agreed to purchase the unit that offered mutual funds and other product solutions (such as a managed futures fund and another focusing on timber, agriculture and infrastructure) to retail investors primarily through the Exemplar Portfolio of funds.

The unit, whose best-known managers are Veronika Hirsch and Alex Ruus, had about $260 million of assets under management. Arrow defines itself as “an employee-owned company focused on alternative asset management and manager selection.”

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