UK - Alternative investments specialist Man Investments has launched a capital guaranteed fund-of-hedge funds.
The structured product – Man RMF Multi-Style Series 2 – will be composed of five hedge funds with complimentary investment styles.
The fund will target an annualised return of 13% to 15% for volatility of 7% to 9% during the medium-term. Man says that guarantees by investment bank BNP Paribas will ensure investors receive returns of at least 100% of the face value of their initial investment at maturity.
Additionally, it will include a profit lock-in feature which, subject to trading performance, has the potential to increase the level of the guarantees at maturity by locking in a portion of net new trading profits following periods of sustained profitability.
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