Man Group tops $670m in latest product launch.

Financial News, October, 2002

Byline: Anuj Gangahar

Man Group, the hedge fund manager and futures broker, has broken its record for any single product offering by raising more than $670m ([euro]687m) of client money since the launch of its latest capital guaranteed structured product in late August.The product is the latest in a series of capital guaranteed structures, known as the IP series, that have proved to be very successful for the firm. The firm's previous fundraising record for a product launch was $510m.

The first Man IP 220 product was launched in December 1996 and has achieved an impressive annualised net return of 19.4% since inception.

The new product, the Man IP 220 series 4, carries a capital guarantee from Lloyds TSB Bank to return at least 120% of...

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