New capital guaranteed fund from Man Group

Man Group launched a capital guaranteed structured fund of hedge funds on 5 May investing in underlying portfolios pursuing arbitrage, managed futures, directional, equity hedge and long/short equities strategies. The Man AP Unison Series 1 Ltd targets annualised returns of 14%-16% on a volatility of 8%-10% over the medium term, and has its capital guarantee written by WestLB AG. It will be open to investment until 13 June 2003. The portfolio which will be offered in both dollar and euro share classes, also has a profit lock-in feature allowing the manager to secure net trading profits...