Man Investments Launches Canada Fund

by Phillip Morton, Investors Offshore.com

27 September 2006

Man Investments Canada Corp, a division of hedge fund giant Man Group Plc, has announced the launch of the Man AHL Diversified (Canada) Fund, a managed futures investment designed to deliver returns independent of traditional stock and bond investments.

The Man AHL Diversified (Canada) Fund is managed by AHL, one of Man Investments' core investment managers, which oversees US$16.2 billion globally. The fund has been structured to provide access to the AHL Diversified Programme, which has attracted significant investments from sophisticated investors worldwide over the last 15 years.

AHL's robust investment strategy is quantitative and primarily directional in nature and attempts to capitalize on both upward and downward trends in the market. The Programme provides exposure to a portfolio that trades a broad range of futures and forward contracts on approximately 100 different markets globally.

Since its inception in December of 1990, the Programme has earned a compound annual rate of return of 17.6% through July 31, 2006, although this is represented by the returns of an offshore fund not available to Canadian investors. The returns of the Man AHL Diversified (Canada) Fund are expected to be slightly lower than the offshore fund due to a number of factors including taxes, cash flows, and additional administrative fees, among other factors.

"We are pleased to provide this opportunity for Canadian investors to access AHL, one of Man's flagship investment managers and a leader in the managed futures industry" said Toreigh Stuart, Chief Executive Officer of Man Investments Canada Corp.

"We have a very high level of confidence in the Programme which has been used to spearhead our business development in many parts of the world," Stuart added.

The Man AHL Diversified (Canada) Fund is available to private client and institutional investors. Accredited investors can access the Man AHL Diversified (Canada) Fund with an investment minimum of C$25,000 (US$22,400).

Man Investments, the asset management division of Man Group plc, has launched over 450 alternative investment vehicles and as of June 30, 2006, had an estimated USD54.0 billion in assets under management worldwide.

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