Arrow Capital Management has completed the acquisition of BluMont Capital Corporation (BluMont) from Integrated Asset Management (IAM).
Arrow said that it will continue to use BluMont’s Exemplar Funds brand for their actively managed prospectus offered mutual funds.
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Following the acquisition, Arrow’s CEO James McGovern and CFO Robert Maxwell will become the respective CEO and CFO of BluMont with immediate effect.
Additionally, McGovern and Maxwell have also been appointed as directors of BluMont, such that the board of directors of BluMont will be comprised of James McGovern, Robert Maxwell and Veronika Hirsch.
The same individuals are also the officers and directors of the Exemplar Portfolios, which includes the Exemplar Canadian Focus Portfolio class of shares and the Exemplar Diversified Portfolio class of shares.
All of the portfolio managers and advisors, including Veronika Hirsch, Alex Ruus, Capital Innovations, and Integrated Managed Futures, will continue to provide services to their respective funds.
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