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
Here it is... The video of all the highlights from last night's UK Pensions Awards.
Here they are...all the pictures from the UK Pensions Awards 2019.
This week's top stories included The Pensions Regulator criticising Sir Philip Green's latest plans for the Arcadia pension schemes.
The trustees of the beleaguered industry-wide Plumbing and Mechanical Services (UK) Industry Pension Scheme have confirmed it will close to accrual in June.