Investment Fund Raises Its Stake in JMC Group

A Santa Barbara investment fund has raised its stake in JMC Group Inc., a Glendale financial services company formerly named Spear Financial Services Inc.

The T.K. Bliss Investment Fund bought a total of 79,000 shares of JMC’s common stock between Aug. 10 and 20 for $9.81 to $10.13 per share, boosting its stake in the company from 5.95% to about 7.1%, according to documents filed with the Securities and Exchange Commission. The fund, whose sole general partner is Timothy K. Bliss, said in the filing that it purchased the stock for investment purposes.