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Man Launches New Structured Product

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LONDON (–Man Investments Ltd. has launched a new capital guaranteed structured product, the Man RMF Multi-Style Series 2 Ltd.

The new fund will invest in five hedge fund styles that Man officials said would complement each other. The fund will target annualized returns of between 13% and 15% with volatility of between 7% and 9% over the medium term, according to a statement from Man.

The capital guarantee for the fund will be provided by BNP Paribas SA, Paris, and will provide for the return of at least 100% of investors’ initial investment at maturity, slated for July 31, 2017.

Man RMF Multi-Style Series 2 will be offered via redeemable structured guaranteed bonds in Euro and U.S. dollar share classes.

The complementary hedge fund styles will be equity hedged, event-driven, global macro, managed futures and relative value, according to Man officials. Within those styles, allocations will be made to both quantitative and qualitative strategies.

“Man RMF Multi-Style Series 2 provides a new opportunity for investors to gain enhanced exposure to a diversified portfolio of hedge fund investments that is underpinned by both the investment selection and risk management skills of RMF, and the superior product structuring skills of Man Investments,” said Christoph M?ller, global head of sales and marketing for Man Investments, in a statement.

The fund will attempt to gain exposure of 150% of net asset value. Man Investments Ltd. will be the investment manager, while RMF Investment Management will be the investment adviser, according to a news release.

Subscription to the fund started Aug. 23 and runs through Oct. 4.

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Contact Bob Keane with questions or comments at: [email protected].