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Man Group Hedge Fund Offering Performs Well

by Philip Morton, Investors Offshore.com

09 January 2004

UK hedge fund provider, Man Group revealed this week that its most recent offering, the Man Multi-Strategy Series 6 Ltd, has attracted more than $625 million in assets.

The offering, which guarantees 120% capital returns on maturity, has enjoyed "considerable success" according to Man Group chief executive, Stanley Fink. The performance of the Multi-Strategy Series 6 Ltd was also praised by analysts.

The next Man product, the Man RMF Multi-Style Ltd, opens for investment on February 9.

It will target medium-term annualised asset growth of between 13% and 15%, with an annualised volatility of around 7-9% for both dollar and euro class bonds.

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