Man’s new multi-strategy bond issue targets Qatari market
Man Investment Products, an international alternative investment manager, has partnered with Commercial Bank of Qatar and Qatar Insurance Company to launch a capital guaranteed fund for investors in Qatar. This is the first investment product that Man has launched specifically for the Qatar market.
Man Multi-Strategy Guaranteed (Series Q), which will be available in US dollars-Class Bonds, targets annualized returns of around 18 percent, according to a company press release, while aiming to restrict volatility to around 13 percent.
Man Investment Products is part of Man Group plc, which forms part of the FTSE 100 index of leading shares on the London Stock Exchange.
The Commercial Bank of Qatar has operating in the investment market for many years, and has pioneered several investment initiatives, being the first Qatari bank to launch its own guaranteed funds. Qatar Insurance Company is one of the largest insurance companies in the Gulf.
“With a minimum investment of $10,000, this latest initiative enables the ordinary investor to participate in the growing alternative investment field, and to benefit from the enhanced returns and stability that such investments can bring to a portfolio,” Mazin Shakarchi, Deputy General Manager, and Head of Treasury and Investments at Commercial Bank of Qatar, said.
Barclays Bank plc. will undertake the role of Guarantor for the capital guarantee structure of the bond, and will undertake to return all initial investment capital when the Bonds reach maturity on the March 31, 2012, subject to the terms and conditions of the Guarantees.
Series Q belongs to a family of capital guaranteed multi-strategy products offered by Man. The first Man Multi-Strategy product, launched over a year ago, has achieved an annualized return of 22 percent for a volatility of 11.1 percent. — (menareport.com)
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