Man Investments has launched Man Vision Index Notes, a capital-guaranteed hedge fund product that seeks to benefit from the key developments of the future including the growth of emerging markets, the impact of new demographics, climate change and future sources of energy, all of which the firm says offer significant return potential.
Man Vision Index Notes combines the complementary approaches of two of the group's hedge fund managers, AHL and RMF. AHL employs systematic, statistically-based investment processes to identify inefficiencies in more than 120 markets around the world, while RMF applies strategic research and innovation to select specialist hedge fund managers in new fields to create multi-manager portfolios.
The new product is designed to offer investors a high level of security. Both AHL and RMF have a stringent approach to risk, AHL through its levels of systematic risk monitoring and control and RMF through its investment process. Additional protection comes from a 100 per cent capital guarantee provided by Credit Suisse International, which has the potential to increase in value by locking in profits derived from positive performance.
Man Vision targets an investment exposure of 150 per cent of net asset value, allocating equally to AHL and RMF across a wide range of markets and investment strategies including Asian and emerging markets, commodities, environmental and energy markets, event-driven and health care.
'We are seeing significant changes in world capital flows,' says Man Group chief executive Peter Clarke. 'Man Vision Index Notes is an exciting gateway to access the new investment opportunities which arise.
'They come associated with specific risks that require skill and experience to manage. By combining AHL and RMF, Man Vision Index Notes offers access to these opportunities through a single product.'
Man Vision will be open for investment from until June 3, with a possibility of extension, with a minimum subscription of USD50,000 or EUR50,000, and a maturity date of December 31, 2020. There is no sales charge and the dealing frequency is monthly.
Man Investments is one of the world's largest providers of hedge fund investments with a 25-year record in alternative investments and an estimated USD75bn under management at the end of March. Part of London-listed Man Group, the firm employs some 1,600 people at its investment centres in London and Pfäffikon, Switzerland, and offices in Chicago, Hong Kong, Dubai, Dublin, Miami, Montevideo, Nassau, New York, Singapore, Sydney, Tokyo and Toronto.