LONDON (HedgeWorld.com)–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.