Man Group raises $365m in latest product launch.

Financial News, January, 2003

Byline: Anuj Gangahar

Man Group, the world's largest hedge fund firm, has raised $365m ([euro]350.7m) with its latest structured product launch.The Man multi-strategy Series 4 is a global offering in two currency classes, euros and US dollars, and is primarily aimed at private clients.

It is based on the multi-strategy approach introduced in 2000 with the launch of the Man multi-strategy guaranteed product. This product has achieved an annualised net return of 11.5% from inception in July 2000 to November 2002.

The Series 4 approach provides access to multiple investment strategies, many of which have relatively low correlation to traditional assets. It represents many of the key hedge fund style groups including securities selection...

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