ED&F Man rolls out guaranteed hedge fund
ED&F Man Investment Products has announced the forthcoming launch of a new Bermuda based guaranteed multi-strategy hedge fund , Man-Glenwood Select Limited.
The group – one of the world’s largest alternative investment management groups for institutional and private investors – will launch the fund on February 12 with the offer period running until March 23.
Minimum investment is either US$50,000 or e50,000.
The fund will be structured as a bond and comprises a guarantee issued for the return at maturity of investors initial subscribed capital.
Its structure targets strong absolute returns of around 15.1% (US$-class bonds) and 14.1% (euro-class bonds) per annum over the medium term, while portfolios focus on a diverse range of alternative investment strategies including balanced equity strategies, long/short and sector and international regional strategies.
ED&F Man’s parent group Man Group Plc manages around $5.5bn in assets globally.