UK - Man Investment Products - a unit of financial services firm Man Group - is to launch its fourth hedge product in the Man-IP 220 Plus Series targeting institutional investors.
The product is available in two classes of bonds, and targets returns of 18-20%1 for US$-class bonds and 17-19%1 for Euro-class bonds.
Bermuda-domiciled Man-IP 220 Plus (Series 4) Limited is based on the same structure used by the earlier products - MIP’s core investment approach, the AHL Diversified Programme and the Man-Glenwood Portfolio.
Man-IP 220 Plus (Series 4) is available from August 27 to October 5, with a possible extension. Investors can combine US$ and Euro denominated bonds, with a minimum of 20,000 bonds in each class and a total minimum aggregate of 50,000 bonds.
The maturity dates are 31 March 2012 for US$-class bonds, and 31 March 2013 for Euro-class bonds.
By Madhu Kalia
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