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Man And RMF Launch Fund Of Hedge Funds

by Carla Johnson, Investors Offshore.com

17 July 2003

Man Investments and RMF recently announced the launch of their new fund of hedge funds product, the Man RMF Diversified.

The Luxembourg-registered fund of hedge funds, which is a sub fund of Man RMF Investments SICAV, is the first such open-ended product from Man Investments to provide access to the investment management strengths of RMF for both institutional and private clients.

Man RMF Diversified will invest in equity hedged, relative value, event driven, global macro and managed futures investment styles, and will target annualised returns of around 10% for annualised volatility of 6-7% over the medium term.

The fund will have a portfolio of between 15 and 25 hedge funds, and there will be a low level of correlation between the investing styles of the hedge funds in question, in order to facilitate the provision of stable returns to investors.

The minimum investment is 10,000 euros, and fees have been set at 1.5% for annual management, and 10% for performance.

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