Man RMF Multi-Style Ltd is offered in USD, EUR and CHF class bonds. The USD and EUR class bonds will target medium-term annualised growth of around 13-15% for an annualised volatility of 7-9%.1 The CHF class bonds will target annualised growth of around 12-14% for an annualised volatitlity of 6-8% over the medium-term.1
The Man RMF Multi-Style Ltd portfolio will invest in five complementary hedge fund styles (equity hedged, event driven, global macro, managed futures, relative value) which comprise a range of strategies and leading managers. This product aims to perform independently of traditional stock and bond investments, thereby offering valuable diversification and enhancing the risk/return profile of an investment portfolio.
RMF is one of Man Investments' core managers, having become part of the Man Group in May 2002. The versatile investment model RMF has developed means it has the flexibility to create a broad spectrum of portfolios differentiated mainly by the extent of diversification and exposure they offer to particular styles, strategies and managers. In addition, one of RMF's key strengths is its ISO-certified investment process, which helps reduce investment risk and increases the probability of delivering consistent and repeatable outcomes.
"By providing this innovative product, we are now able to deliver to a wider investor population access to RMF's unique asset allocation and portfolio construction model that until recently had been offered principally to institutional investors," says Antoine Massad, Head of Middle East and Asia at Man Investments. "Combined with Man's innovative product structuring expertise, we are able to offer this new and exciting product which has the potential to add diversification and enhance the risk/return profile of investors' existing portfolios."
Man RMF Multi-Style Ltd incorporates a principal protection structure that guarantees investors the return of at least 100% of their initial investment at maturity. In addition, provisions have been made to include a profit lock-in feature which, subject to trading performance, has the potential to elevate the level of the guarantees at maturity by locking-in a portion of net new trading profits following periods of sustained profitability. The operation of both the guarantees and the profit lock-in feature are subject to the terms and conditions of the capital guarantees provided by Bank of America, N.A., London Branch.2
Bank of America, N.A., London Branch is a branch of Bank of America, N.A., which is a wholly owned indirect subsidiary of Bank of America Corporation (the 'Corporation'). The Corporation is engaged in general consumer banking, commercial banking and trust business, offering a wide range of commercial, corporate, international, and financial market, retail and fiduciary banking services. As at 30 September 2003, and based on regulatory accounting principles, the Corporation had consolidated assets of USD 737 billion, consolidated deposits of USD 411 billion and market capitalisation of USD 116.2 billion.
Bank of America Corporation has recently announced its planned merger with FleetBoston Financial Corporation, which is scheduled to be complete in the first half of 2004. The merger will provide Bank of America Corporation with the largest share of middle market and large corporate relationships, including more than 95% of the Fortune 500.
Man RMF Multi-Style Ltd will be available to investors from 9 February to 19 March 2004 with a possible extension to the offer period.
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Man Investments provides exposure to one of its core investment managers
- United Arab Emirates: Tuesday, February 10 - 2004 at 10:35
- PRESS RELEASE
Man Investments today announced the launch of Man RMF Multi-Style Ltd, a capital guaranteed structured product which utilises the investment selection expertise, asset allocation and risk management skills of RMF.
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About Man InvestmentsMan Investments (Man), the asset management arm of Man Group plc, is an independent and global leader in alternative investments, providing innovative products and tailor-made solutions for private and institutional clients. Through its core investment managers, Man has succeeded in developing specialised strengths in different alternative asset classes - hedge funds, private equity, leveraged finance and convertible bonds. Established in 1983, Man has launched around 400 products, many of them with leading financial institutions. It manages USD 32.5 billion* and employs around 800 people worldwide. Man's headquarters are in Switzerland and London and it also has regional offices in Chicago, Hong Kong, the Middle East, Montevideo, New York and Tokyo. Further information on Man Investments can be found on www.maninvestments.com.
*estimate as at 31 October 2003
Man Investments' principal investment managers are AHL, Glenwood, Man Global Strategies, RMF and Westport.
• AHL implements managed futures investment programmes. These programmes are quantitative and primarily directional in nature, meaning that they seek to take advantage of upward and downward price trends.
• Glenwood is a pioneer in providing multi-manager funds of hedge funds portfolios that target low risk.
• Man Global Strategies constructs and manages hedge style and multi-strategy portfolios, including structured product portfolios often with principal protection, mainly targeted at private investors.
• RMF provides fund of hedge funds and tailor-made solutions for retail and institutional investors as well as convertible bond and leveraged finance products.
• Westport is a specialist in offering global private equity fund of funds solutions to institutional clients.
About Man Group plc
Man Group plc is a leading global provider of alternative investment products and solutions as well as one of the world's largest futures brokers. The Group employs over 2,500 people in 15 countries, with key centres in London, Pfäffikon (Switzerland), Chicago, New York, Paris, Singapore and Sydney. Man Group plc is listed on the London Stock Exchange (EMG.L) and is a constituent of the FTSE 100 index. Further information on Man Group can be found at www.mangroupplc.com.
This material is issued by Man Investments Limited which is authorized and regulated by the Financial Services Authority. Man Investments Limited and/or any associates may have an investment in Man RMF Multi-Style Ltd. Man Financial Limited, an associated company of Man Investments Limited, is the futures and foreign exchange broker to Man RMF Multi-Style Ltd. Information contained herein is provided from the Man database except where otherwise stated. Potential investors should note that alternative investments can involve significant risks and the value of an investment can go down as well as up. This product may not be suitable for all persons. If in doubt, seek advice from your independent financial advisor.
1Based on an analysis of the combined performance projections of the Investment Strategies that may be deployed by Man RMF Multi-Style Ltd. Man RMF Multi-Style Ltd is available in USD, EUR and CHF denominated Bonds. Performance for each Class of Bonds may differ. There is no guarantee of trading performance and projected performance is not necessarily a guide to future results.
2Bank of America, N.A., London Branch., by way of the Guarantees and subject to their terms and conditions, provides Bondholders at the Maturity Date with a guarantee of at least 100% the Face Value of each Bond outstanding and to be redeemed at the Maturity Date. Bonds redeemed prior to the Maturity Date do not have the benefit of the Guarantees.
Posted by Anne-Birte Stensgaard, Senior News EditorTuesday, February 10 - 2004 at 10:35 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
This article was updated on Tue May 22 2007.
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