BluMont Capital of Toronto awards timber fund mandate to Wisconsin-based Capital Innovations

LOS ANGELES , May 11, 2012 () – BluMont Capital of Toronto has awarded a sub-advisory mandate to Wisconsin-based Capital Innovations LLC to launch and run a timber fund, FINalternatives reported on May 11.

BluMont launched the Exemplar Global Infrastructure Fund last September, and in a Sept. 6, 2011, press release named Capital Innovations as the fund’s manager.

Capital Innovations founder and CIO Michael Underhill has now said his firm will offer a timber strategy with lower investment minimums via the Exemplar Global Timber Fund, according to FINalternatives, citing a press release.

Underhill said timber assets share many of the same economic fundamentals as infrastructure and agriculture and “are the natural extension of our business as we continue to focus on meeting evolving investor needs.”

The firm has tapped John Duncanson, a professional forester, for the timber strategy. Duncanson’s career has spanned being a portfolio manager in the finance industry, former VP of sales at Noranda Group’s Northwood Mills, and a financial analyst covering the paper and forest sector for McLeod Young Weir, Wood Gundy and McCarthy Securities, FINalternatives reported.

Established in 2007, Capital Innovations’ institutional investor clients reportedly include the California Public Employees Retirement System (CalPERS) and China Investment Corp.

BluMont Capital is a wholly owned subsidiary of Toronto-based Integrated Asset Management Corp., an alternative asset investment management company with C$2.3 billion in assets and committed capital under management in private corporate debt, real estate, private equity, managed futures, global bonds and retail alternative investments, according to its Sept. 6, 2011, press release.


The primary sources of this article are FINalternatives, New York, May 11, 2012, and a Sept. 6, 2011, press release from BluMont Capital in Toronto.

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