BluMont Capital Inc. announced on Friday that total revenue declined 5% to $3.7 million in the quarter ending June 30 from $3.8 million in the quarter ending June 30, 2005 as a result of lower performance fees realized. However, there was 11% growth in the predictable revenues of management fees, investment counselling and redemption fees.

Operating income improved to $0.3 million in the current quarter compared with breakeven results in the same quarter of the prior year. Net income was $0.2 million in the quarter, an improvement over the breakeven results of the prior year’s comparable quarter.

BluMont experienced AUM growth of 7% adding approximately $48.5 million of new assets since June 30, 2005.