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July 15, 2003 at 08:00 PM
LONDON (HedgeWorld.com)–Man Group plc* announced that its most recent launch, a capital guaranteed structured product called Man AP Unison Series 1 Ltd., has raised the equivalent of more than US$740 million.
Unison was offered worldwide in both euros and U.S. dollars, mostly to private clients. The underlying portfolio will consist of allocations to arbitrage, equity hedge, long/short equity, directional and managed futures strategies Previous HedgeWorld Story.
This is the latest addition to a series of Man structured notes that started more than three years ago with the launch of Man-AP Stratum Ltd., which has achieved an annualized net return of 19.9% from its inception in October 1999 to the end of May 2003.
“The record US$740 million raised for this product offering demonstrates the continuing high level of demand for Man’s investment products,” said Man Chief Executive Stanley Fink, in a statement. “This is underpinned by our strong investment track record, attractive product design and effective distribution network.”
