Man Investments, one of the world's largest providers of hedge fund investments, today announced the opening of its Canadian operations.
Man Investments Canada Corp will specialize in alternative investment products for private client and institutional investors.
Man Investments has been at the forefront of the international alternative investment industry for two decades. The firm has launched over 450 alternative investment vehicles in many countries, and manages approximately USD 49.9 billion worldwide as of March 31, 2006. Based in London, Man Investments has offices in 14 countries including offices in Chicago and New York.
Man Investments Canada, led by Toreigh Stuart, Chief Executive Officer, will build a broad range of investment products to suit the private client and institutional market. The initial staff of six professionals has significant experience in the alternative investments industry. The group will cover all of Canada, with a senior executive based in British Columbia to assist with the West Coast.
Two long-standing, senior executives of Man Investments, John M Kelly and Richard C Ewan, will also be a part of the new venture. Kelly, President and CEO of Man Investments Inc, based in Chicago, will serve as Chairman. He brings extensive experience to the Canadian business, having been with the firm for nearly twenty years in several countries. Ewan, who will be Director of Product Development beginning 1 January 2007, has been with the firm more than thirteen years.
Kelly believes Canada is a sophisticated investment market with high potential for the alternative investment industry.
'We see exceptional opportunities in this country, with a rapidly growing appetite for our brand of products,' he says. 'Man Investments has developed significant demand for its products, with approximately CAD 500 million raised through our successful strategic alliance with Canadian asset manager BluMont Capital Corporation. Our new operation will build on this experience and broaden the range of alternative investment products available in Canada.'
Man Investments will continue a very important relationship with BluMont Capital in servicing the many investors in the BluMont Man Note products and will launch the BluMont-Man IP 220 Series