BluMont Capital hired Capital Innovations to be the only subadviser to its Exemplar Global Infrastructure Fund, confirmed James Wanstall, BluMont Capital CEO.
BluMont executives expect to launch the new mutual fund in mid-July, Mr. Wanstall said.
The fund will be a fully transparent listed infrastructure portfolio established as a mutual fund trust under the laws of Ontario, Canada. The benchmark will be the Macquarie Global Infrastructure 100 index.
Capital Innovations won the mandate last month, said Michael Underhill, chief investment officer for Capital Innovations, a real assets money management firm.