Man and RMF, the Swiss fund-of-funds group it acquired last year, have launched their first joint product. Man RMF Diversified, a sub fund of Man RMF Investments, is a Luxembourg registered SICAV investing in equity hedged, relative value, event driven, global macro and managed futures investment styles. Man RMF Diversified aims to achieve annualised returns of around 10% for annualised volatility of 6-7% over the medium term.
The Man RMF Diversified portfolio will contain approximately 15 – 25 hedge funds in total, spread across five styles. Man says the portfolio will be constructed to provide diversification by combining complementary investment strategies with the potential to exploit profit opportunities and defend gains in a wide range of market environments, and that the low level of correlation between the investment styles used increases the potential to produce a stable return.
“This is an onshore Luxembourg SICAV fund of funds product with the potential for attractive risk-adjusted returns and gives the private investor access to the expertise of RMF, which has primarily only been available to the institutional investor,” says Christoph Moeller, Managing Director of Global Sales and Marketing, Man Investments. “Man RMF Diversified offers investors the benefit of a diversified product containing an impressive array of investment styles. By combining top performing advisers across five hedge fund styles and a diverse range of strategies, the portfolio aims to produce stable returns whether global markets are falling or rising.”