Man Investments has just launched the Man Global Strategies Diversified Series 2 Ltd - a guaranteed ...
Man Investments has just launched the Man Global Strategies Diversified Series 2 Ltd - a guaranteed bond structure which has the potential for either profit lock-ins or income returns.
The Series 2 product offers investors alternative ways to access the Man Global Strategies Diversified portfolio in the form of USD/EUR/CHF class capital bonds and USD/EUR class income bonds.
The aim is to generate consistent returns for a conservative level of volatility. This is achieved by incorporating appropriately weighted exposures to hedge fund- style portfolios constructed and managed by Man Global Strategies.
The capital bonds provide the security of 100% capital guarantees and a profit lock-in feature, while income bonds will offer the 100% guarantee as well as a guaranteed coupon equivalent to 2.5% of the face value of the bonds paid for the first two years.
In a seperate development, Man Group and investment firm Close Fund Management are launching a fund of funds for UK investors.
The Close Man Hedge Fund will target between 13% and 15% annualised returns and requires a £10,000 minimum investment. It will invest in a capital guaranteed bond issued by the Royal Bank of Scotland.
It is designed to give investors capital protection plus exposure to a range of hedge fund strategies and managers.
The increase in minimum AE contributions has had little impact on opt-out rates - with cessations after April increasing by less than two percentage points, data from The Pensions Regulator (TPR) shows.
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