Hedge fund manager BluMont Capital Inc. says Dan Gosselin has resigned as managing director, effective immediately.

Gosselin joined BluMont in January 2002. Although he will be leaving his present position, Gosselin will be joining BluMont’s board of directors subject to regulatory approval.

“Although I am leaving my current position, I am delighted to be joining BluMont’s Board of Directors and continuing to build shareholder value for our investors,” Gosselin said.

Toreigh Stuart, president and CEO of BluMont said, “I believe Dan will be a great addition to our board.”