Arrow Capital Nabs Retail-Focused Fund Manager BluMont

Law360, New York (September 19, 2013, 1:04 PM EDT) -- BluMont Capital Corp, a subsidiary of Integrated Asset Management Corp. and provider of mutual funds to retail industry investors, will be handed off to Arrow Capital to give the subsidiary better footing in this tough retail economy, IAM said Thursday.

The parties did not disclose the financial details of the transaction, saying only that they expect to finalize the sale before the year's end. BluMont has CA$260 million (US$254 million) in assets under management and will lift the total asset value of Canadian fund manager Arrow...
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