Integra Capital Ltd. today announced changes at three of its funds, as well as the launch of a new global equity fund.

Effective immediately, units of the Integra Equity Fund are not available for purchase pursuant to the prospectus of the Integra Mutual Funds. However, the units may be purchased pursuant to prospectus exemptions by eligible investors such as accredited investors and members of a capital accumulation plan.

Meanwhile, in the fourth quarter of 2007, Gryphon Investment Counsel Inc. will become the sole portfolio manager of the Integra Short Term Investment Fund.

Commencing in January 2008, Integra Balanced Fund will invest in the securities of the Analytic Core U.S. Equity Fund, the Acadian Core International Equity Fund, the Integra Bond Fund and the Integra PanAgora Dynamic Global Equity Fund.

The target weighting of the fund’s investment in the Analytic Core U.S. Equity Fund will be 5.5%, in the Acadian Core International Equity Fund will be 3.5%, in the Integra Bond Fund will be 39.0% and in the Integra PanAgora Dynamic Global Equity Fund will be 18% of net assets (exclusive of cash and cash equivalents), subject to a permitted deviation of 2.5% above or below the target weighting to account for market fluctuations.

Other than the allocations to the above noted underlying funds, the assets of the Integra Balanced Fund will be managed as to 8% by J.Zechner Associates Inc., as to 14.5% by Gryphon Investment Counsel Inc. and 11.5% as to Lincluden Management Limited.

PanAgora Asset Management Inc. has been appointed as portfolio manager of Integra PanAgora Dynamic Global Equity Fund. This fund’s objective is to achieve long-term investment returns through a portfolio of global equities, which are sufficiently diversified to minimize investment risk. To achieve its objective, Integra PanAgora Dynamic Global Equity Fund invests in equities issued by companies in North America, Europe, Australia and the Far East. The fund may hold an aggregate of up to 15% in emerging market stocks and up to 7.5% in cash or cash equivalents.