(January 17 – 17:50 ET) – Canada’s newest publicly traded fund manager is not Altamira Management Ltd., it’s Integrated Asset Management Corp’s hedge and mutual fund company, iPerformance Fund Inc.

Altamira may have shelved its planned IPO until market conditions improve, but the common shares of iPerformance are now listed on the Canadian Venture Exchange under the trading symbol KCP (currently known as Kirklees Capital Inc), thanks to a reverse takeover.

Kirklees Capital, which will change its name to iPerformance Fund Inc., was a venture capital pool corporation listed on the CDNX. Prior to the reverse takeover, Hirsch Asset Management transferred substantially all of its assets and liabilities to iPerformance Fund Corp., including the management contracts for the Hirsch group of funds. As a result of these transactions, Integrated and the holders of 1,815,000 previously issued special warrants of iPerformance Fund Corp. have become shareholders of the company.

Integrated owns about 59% of the equity of iPerformance, which intends to “become a pre-eminent Canadian hedge fund distributor focused on providing Canadian investors with the opportunity to invest with some of the best hedge fund managers in the world.”

iPerformance launched four new long/short equity hedge funds on January 2, under the trade name of iPerform.

Marc Gabelli of Gabelli & Partners LLC is acting as the advisor to the iPerform Gabelli Global Fund. Kevin Landis of Silicon Capital Management LLC is the advisor to the iPerform Silicon Valley Fund. Veronika Hirsch of Hirsch Asset Management Corp. a wholly owned subsidiary of Integrated, and Chris Guthrie of Hillsdale Investment Management, co-manage the iPerform Canadian Opportunities Fund. The iPerform Select Leaders Fund, brings the fund of funds concept to the hedge fund world.

iPerformance says it will be expanding its hedge fund family in the near future: with the iPerform Navellier Heritage Fund, which will be managed by Louis Navellier of Navellier & Associates; and the iPerform Focus International Fund which will be managed by Clifford Fox of Columbus Circle Investors.

iPerformance has become the manager of four mutual funds: Hirsch Canadian Growth Fund, Hirsch Balanced Fund, Hirsch Natural Resource Fund and Hirsch Fixed Income Fund; and a pooled fund, Hirsch Aggressive Equity Fund, which was managed by Hirsch Asset Management Corp. Veronika Hirsch will continue to act as the advisor to these funds.

Toreigh Stuart, president and chief executive officer of iPerformance said, “Though the alternative asset management industry is exploding worldwide, it is still relatively untapped in Canada. The opportunity to become Canada’s leading player in this arena through the formation of iPerformance Fund Inc. is extremely exciting. We have created a winning strategy by hiring some of the world’s best alternative money managers and the public listing should ensure success for both our funds’ unitholders and our shareholders.”

Hirsch, president of Hirsch Asset Management Corp. and a director of iPerformance, said, “I look forward to working with Toreigh on new products in the near future.” Hirsch is joined by Stuart, Victor Koloshuk, Stephen Johnson, Paul Starita, David Currie and William Train on iPerformance’s board. Koloshuk and Johnson are chief executive officer and chief financial officer of Integrated, respectively.