Man IP launches capital guaranteed products
UK/SWITZERLAND – Man Investment Products (MIP), the Switzerland based alternative investment management arm of Man Group, has launched the Man AP Strategic Series I, a capital guaranteed investment product available in both US dollar and euro denominated bonds.
The new product is the second in the Man AP family and has a medium-term annualised growth target rate of 14%-16%. MIP says that the defining feature of the AP product family is its conservative risk-adjusted target returns. AP Strategic I is registered in Bermuda and managed out of London while the marketing and sales is to be handled by MIP in Switzerland.
MIP says that its target investors are institutional since the minimum investment is set at 50,000 bonds, to include at least 20,000 dollar and 20,000 euro denominated portions. In addition, it will allow investors access to Man Group’s futures programme, the AHL institutional portfolio.
Christof Grosseger, divisional communications manager at MIP, says that the company is already drawing up plans for the Series II product family, though he couldn’t say when to expect any product launches. “We are very confident that the Strategic product will do as well as its older brother, the AP Stratum, and as such we are already researching the Series II.”