Man Investment Products, an international alternative investment manager and part of Man Group plc, announced this week at the Hedge Funds World event, taking place in Dubai, that it will soon launch its latest capital guaranteed structured product, Man AP Strategic. Man AP Strategic will be available to investors from February 11 to March 22, 2002, with a possible extension to the offer period.
Man AP Strategic Series 1 Ltd (Man AP Strategic), which will be available in both US$-Class and Euro-Class Bonds, targets medium-term annualized growth of around 14-16 percent for each Class of Bond, while aiming to restrict volatility to around 10-11 percent.
The Man AP product family was established just over two years ago. Its defining feature its conservative risk-adjusted target returns. The first product in this family, Man-AP Stratum Ltd, was designed to target annualized growth of 16–18 percent while seeking to limit the associated risk. It has outperformed this target range to date but still maintained impressively low volatility.
Man AP Strategic aims to continue this conservative investment theme but takes a more defensive approach than Man-AP Stratum. Man AP Strategic will provide investors with access to Man’s futures program, the AHL Institutional Portfolio, as well as complementary arbitrage and equity hedge styles.
A capital guarantee by a first class bank ensures investors the return of at least the face value of the bonds they hold at maturity, subject to relevant terms and conditions, reported a company press release. In addition, a profit lock-in feature will allow a portion of net new trading profits to be locked in following periods of sustained profitability for Man AP Strategic, with the agreement of the guarantor bank, meaning that the guarantee level may rise.
“Increasingly, investors realize the importance of diversifying their portfolios to minimize risk,” says Antoine Massad, associate director and head of Middle East and Asia at Man Investment Products. “Man AP Strategic Series Ltd is likely to appeal to investors seeking diversification because of its potential to generate absolute returns independently of the future outlook for equity markets.”
Man Group plc is a focused financial services business specializing in asset management and brokerage whose origins date back to 1783. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 index. Man Group plc currently employs over 1,500 people in 13 countries worldwide.
Man Investment Products is part of Man Group plc and currently manages around $9.5 billion for institutions and private investors worldwide. It is a global business with offices in Bahrain, Chicago, Dubai, Hong Kong, London, Montevideo, Tokyo and Switzerland and has launched more than 190 alternative investment products worldwide. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
