BluMont Capital Inc. announced today that Toreigh Stuart, CEO has left the firm effective immediately.

“On behalf of BluMont’s board of directors and its employees, I would like to extend our thanks to Toreigh for his tremendous efforts in building the corporation since 2000 into a leading hedge fund company with approximately $770 million in assets under management, said Thomas Simpson, chairman of BluMont, in a release.

As chairman, Simpson will work closely with Stephen Kangas, who was appointed president of BluMont in December 2005. Kangas has been with the firm since January 2004.

BluMont is a leading provider of alternative investment products, specializing in hedge funds.