Arrow Purchases BluMont

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    Arrow Capital Management has purchased BluMont Capital from Integrated Asset Management. It says by combining BluMont’s range of ‘retail,’ prospectus-based alternatives with Arrow’s line-up, clients will have access to a wide range of alternative funds in Canada. Arrow was founded in 1999 and upon closing will have approximately $1.3 billion in assets under management. The sale of BluMont to Arrow will allow Integrated to focus exclusively on its growing institutional business, which comprises approximately 85 per cent of its current assets under management. BluMont was its retail alternative asset management subsidiary.