Integrated Asset Management(IAM)has completed its purchase of hedge fund firm BluMont Capital.

IAM intends to continue to operate the company formed as a result of the amalgamation as BluMont.

Before announcing its plans to acquire BluMont in May 2006, IAM held a 46.1% stake in the firm.

Toronto-based IAM is an alternative asset management company with approximately $3 billion in assets and committed capital under management in private debt, private equity, managed futures, real estate and hedge funds.

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