BluMont Capital Corp., a subsidiary of BluMont Capital Inc., has launched an offshore version of its BluMont Hirsch Long/Short Fund.

The fund is advised by BluMont’s chief investment officer, Veronika Hirsch. Domiciled in the Cayman Islands, the fund is available in both Canadian and U.S. dollar denominations to investors not resident in Canada and the U.S.

The objective of the fund is to deliver consistently positive returns each year independent of the S&P/TSX Total Return Index by investing primarily in securities issued by Canadian corporations and mitigating the overall risk of the portfolio through various hedging strategies. According to BluMont, Hirsch’s style uses a qualitative, research-intensive, bottom-up approach to long/short portfolio construction combined with event-driven trading.

The fund marks BluMont’s move into the offshore market. The firm says it responding to the growing demand by international investors for proven and experienced Canadian managers.

“We anticipate strong interest in this fund as the underlying long/short strategy boasts a very successful track record with over $80 million in assets under management” said Toreigh Stuart, president and CIO of BluMont Capital Inc. “The success of this fund will allow BluMont to take other Canadian funds offshore.”