Star Hedge Managers Corp. - Press Release



    TORONTO, Sept. 2 /CNW/ - Star Hedge Managers Corp. (the "Fund") announces
undiluted and diluted Net Asset Values per Class A Share as at August 31, 2009
of $11.1223 and $10.6099, respectively.
    The $11.1223 undiluted Net Asset Value per Class A Share represents an
increase over Fund's initial Net Asset Value per Class A Share of $9.3614,
posted on September 30, 2008.
    Both the $11.1223 undiluted NAV per Class A Share and $10.6099 diluted
NAV per Class A Share represent a premium over the $10.35 exercise price for
the Warrants for Class A Shares. Warrants are exercisable October 30, 2009.
    The closing prices for Class A Shares and Warrants on The Toronto Stock
Exchange on September 1, 2009 were $9.02 and $0.035, respectively.

    About Star Hedge Managers Corp.

    The Fund has been created to provide long-term capital growth by
investing in a portfolio consisting of private investment funds or portfolios
managed by three of Canada's leading portfolio managers: Rohit Sehgal of
Dynamic Funds, Eric Sprott of Sprott Asset Management Inc. and Normand
Lamarche of Front Street Investment Management Inc.
    Class A Shares and Warrants to purchase Class A Shares are listed on the
Toronto Stock Exchange under the symbols XHM.A and XHM.WT
    For more information please visit the Fund's website at
www.bmocm.com/bmosp under "Closed-End Funds".





For further information:

For further information: BMO Financial Group, Mark W. Lobsinger, (416)
359-7742, Internet: www.bmocm.com

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STAR HEDGE MANAGERS CORP.

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