TORONTO (HedgeWorld.com)-IPerformance Fund Inc. will distribute Man Investment Products Inc.* funds in Canada under a recently formed strategic alliance.
The effort will result in the co-branding of Man’s products in Canada, including the Man IP 220 Series, which combines hedge funds from Man-Glenwood and Man’s futures-based Man AHL Diversified Program. “They’ve had excellent success performance-wise,” said Toreigh Stuart, president and chief executive of iPerform. The arrangement is an exclusive agreement for retail-oriented products in Canada, he said.
IPerform manages C$290 million, and is a unit of Integrated Asset Management Corp. Man Investment Products Inc. is the U.S. operation of Man Investment Products, the investment arm of Man Group plc. Man manages US$21 billion in alternatives. Man last year established a Chicago operation geared toward building stronger retail distribution in North America.