Man Group, the Swiss international hedge fund manager and futures broker, has raised in excess of US$430m from the global launch of Man IP 220 Plus (Series 3).
The product, managed by Man Investment Products and launched in May, comprises exposure to AHL Diversified Programme and Man-Glenwood. AHL manages a portfolio of international financial, currency and commodity instruments. Man-Glenwood is a risk-controlled fund of hedge funds.
The product offers US$-class bonds and euro-class bonds and targets medium term annual growth in the range of 18-20% and 17-19% respectively.
Initial investments are expected by mid-July. The next offering in the series is planned for Q3.
By Madhu Kalia
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