Man Investment Products has launched the fourth hedge product in the Man-IP 220 Plus Series, includi...
Man Investment Products has launched the fourth hedge product in the Man-IP 220 Plus Series, including a 100% capital guarantee.
The product is a redeemable, structured, guaranteed bond available in either dollar or euro denomination and registered in Bermuda. It consists of a diversified portfolio made up of Man Investment Products' core investment approaches, the AHL Diversified Program and the Man-Glenwood Portfolio.
The AHL Diversified Program invests in around 100 global futures markets, while Man-Glenwood allocates investor money to a broad range of hedge fund strategies via specifically selected managers. The offer period for the bonds, which will target absolute annualised growth of 18%-20% per year for dollar investments and 17%-19% for euro investments, net of all fees and expenses, will be between 27 August and 5 October 2001.
The minimum investment is 50,000 bonds per investor at a unit offer price of either $1 or E1. Investors can apply for a combination of dollar and euro denominated bonds but must have a minimum of 20,000 in each class.
The dollar class bonds mature on 31 March 2012 and the euro class bonds on 31 March 2013. There is no initial charge and client allocation is 100%.
‘Important to have an anchor’
Report to be written by TPR
Lack of innovation for solutions
Some 2,000 consumers affected