Man Group raises $365m in latest product launch

Man Group, a global provider of alternative investment products and futures broker, raised US$365 million from its most recent launch Man Multi-Strategy Series 4 Ltd (“Series 4”).

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By  Massoud Derhally Published  January 9, 2003

Man Group, a global provider of alternative investment products and futures broker, raised US$365 million from its most recent launch Man Multi-Strategy Series 4 Ltd (“Series 4”).

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 annualised net return of 11.5% from inception on 15 July 2000 to 30 November 2002.

“Investors continue to realise the importance of diversifying their portfolios to minimise risk. This is underpinned by the proven investment management and risk management expertise within the Man Group as well as the portfolio diversification benefits of a multi-strategy approach,” said Antoine Massad, head of Middle East and Asia of Man Investment Products.

Man Multi-Strategy Series 4 provides investors with access to a diversified portfolio of investment strategies implemented by a number of carefully selected advisers. As at 30 November 2002, Man Multi-Strategy Guaranteed Limited had outperformed traditional investments, producing an annualised return of 11.5% since inception on 15 July 2000 - compared to –17.4% for world stocks and 7.0% for world bonds over the same period.

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.

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