Man Group plc, the hedge fund manager and futures broker, announced today that its Man AP Strategic Series 1 Ltd had raised the equivalent of over US$280 million in two currency classes – Euros and US dollars. Man AP Strategic was a global offering, primarily aimed at private clients, based on the multi-strategy approach introduced in 1999 with the launch of Man AP Stratum Limited. “The defining feature of this product family is its conservative risk-adjusted target returns,” says Man. “The product has been structured to complement investors’ portfolios by providing valuable diversification away from the risks inherent in an over-concentration of capital in traditional assets. Man AP Strategic will provide investors access to Man’s successful managed futures programme, the AHL Institutional Portfolio, as well as complementary arbitrage and equity hedge styles implemented by a range of carefully selected advisers.”
Stanley Fink, Chief Executive of the Man Group plc, today said: “Investors continue to realise the importance of diversifying their portfolios to minimise risk. Man Group’s latest investment offering continues to attract a high level of demand due to its potential to generate absolute returns independently of the future outlook for equity markets. 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.”
The next global launch of a structured product will be Man AP Strategic 2 Ltd, which will be open for investment on the 6 May 2002.