Friday, 12 October 2012

Visibility On A $20+ Target For Neptune – Thoughts From Blumont Capital’s, Hugh Cleland

Neptune Technologies & Bioressources

Basic Shares: 48.2 million
Fully diluted: 53.9 million
In a letter that was distributed to fund investors today, Blumont Fund Manager Hugh Cleland provides his perspective on Neptune Technologies and why he thinks his $20+ target is more realistic than ever. 

Mr. Cleland holds positions in Neptune and Acasti in the two funds he manages: Blumont Innovation PE Strategy Fun LP  (Up 30.75% year to date and is closed to new investment) and the BluMont Northern Rivers Innovation RSP Fund (Up 16.07% year to date). Accredited investors have the ability to purchase into the Innovation Fund by contacting BluMont directly or using Fundserve.

About Hugh Cleland

Hugh C. Cleland, CFA
Executive Vice President & Portfolio Manager
Mr. Cleland is Portfolio Manager for the Northern Rivers Innovation mandate and the Northern Rivers Silicon Valley Access Fund LP. Mr. Cleland is Executive Vice President of Northern Rivers and has managed the Northern Rivers Innovation mandate since inception of its first fund in May 2001. Prior to starting at Northern Rivers, Mr. Cleland worked at Interward Capital Corporation from 1998 to 2001 originally as an analyst, and later as Associate Portfolio Manager, specializing in technology equities. In 1997/1998 he was the research associate to the senior telecom services analyst at Midland Walwyn. Mr. Cleland has an Honours Bachelor of Arts degree (1997) from Harvard University and earned his CFA designation in 2001.