ED&F Man increases diversification

ED&F Man is to launch a global multi-strategy hedge fund with a 100% capital guarantee. The company is increasing its diversification, both in the new fund, which will use a wider variety of alternative investment techniques than similar products, and geographically, as ED&F Man has been granted permission to sell into the Austrian domestic market. The Man Multi-Strategy Guaranteed fund will use ED&F Man's new guarantee scheme with the Bank of America. Stanley Fink, managing director of ED&F Man, said: "Previously, we would buy a Chase zero coupon and Chase would issue a guarantee. Ou...