Man Investment Products records $670 million in client funds
International hedge fund manager and futures broker Man Group has reported that its Man IP 220 Series 4 (Series 4) has raised over $670 million of client money, a record for any single product offering.
The issue is the latest in a series of Man IP 220 style products that have delivered impressive risk adjusted returns to investors. The original Man IP 220 product has achieved an annual net return of 19.4 percent since inception in December 1996. Man IP 220 Series 4 carries a capital guarantee from Lloyds TSB Bank to return at least 120 percent of subscribers initial investment at maturity. The structured product, offered in two currency classes will comprise investment exposure to the Man-AHL Diversified Program and the Man-Glenwood Portfolio.
The next global launch of a structured product will be Man Multi Strategy Series 4 Ltd, which ill be open for investment on 28 October 2002. Man IP 220 Series 4 Ltd closed on 11 October 2002 and is expected to start making initial investments by the end of October. — (menareport.com)
© 2002 Mena Report (www.menareport.com)