Alternative investment product provider, Man Group reported that that its most recent launch Man Multi-Strategy Series 4 Ltd (Series 4) has raised the equivalent of $365 million of client money.
Series 4 was a global offering in two currency classes, Euros and US dollars, and was primarily aimed at private clients. It was based on the successful multi-strategy approach introduced in 2000 with the launch of Man Multi-Strategy Guaranteed Limited which has achieved an annualized net return of 11.5 percent from inception on 15 July 2000 to 30 November 2002.
The Series 4 approach provides access to multiple investment strategies, many of which have relatively low correlation to traditional assets representing some of the key hedge fund style groups including securities selection, event driven, managed futures and market neutral and arbitrage. It carries a capital guarantee from the Royal Bank of Scotland to return at least 120 percent of subscribers' initial investment at maturity.
ِThe next global launch of a structured product will be Man Multi-Strategy Series 5 Ltd, which will be open for investment on 10 February 2003. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
