Sections

Man launches fund of hedge funds

Related Categories

UK – Alternative investment group Man, is to launch its first UK-listed fund of hedge funds product, called Man Alternative Investments Limited (MAIL).
The fund, which will be managed by the Chicago based subsidiary of the group, Man-Glenwood, will be placed in the market by Dresdner Kleinwort Wasserstein in early April.

“We are pleased to be working with DrKW on this launch and are convinced that our experience and Man-Glenwood’s track record will be of great benefit to the new investors who join us through MAIL,” says Mark Chambers, Man’s regional sales manager.

The investment vehicle will be a Guernsey-incorporated tax efficient, closed ended, investment company and will seek a listing on the London Stock Exchange.
Its objective will be to achieve long-term capital growth at a relatively low risk by allocating to a wide range of absolute return hedge fund strategies.

The initial costs of the fund will be capped at 1.75%, while annual fees will be 1.25% with a performance fee of 15% of returns over a T-bill hurdle, says the company.

Have your say

You must sign in to make a comment

IPE QUEST

Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2467

    Asset class: Search for a broker (mainly ETFs).
    Asset region: Global.
    Size: 250m.
    Closing date: 2018-08-28.

  • DS-2468

    Closing date: 2018-08-24.

  • QN-2469

    Asset class: All/Large Cap Equities.
    Asset region: Global Emerging Markets.
    Size: USD 500m.
    Closing date: 2018-09-04.

Begin Your Search Here