View more on these topics

Man structure RMF style product

Man Investment has introduced Man RMF Multi-Style Series 2, a capital-protected fund of hedge funds that is available in dollar and euro currencies.

This product is designed to perform independently of bond and equity markets by investing in a range of hedge fund strategies such as equity hedge, even-driven, relative value and managed futures. It aims for a target return of between 13 per cent and 15 per cent a year and provides access to the asset allocation and risk management skills of RMF. RMF, which was founded in 1992, is one of Man Investments&#39 core managers and is responsible for assets of more than $15.8bn, mainly in hedge funds.

The underlying portfolio initially has a 50 per cent weighting in managed futures, 23 per cent in relative value strategies and the remainder in event driven, equity hedge and global macro strategies. It will be geared by 50 per cent with the aim of enhancing returns for investors, even when markets are falling.

Investors will get all their capital back at the end of the term in 2017 and will benefit from a profit lock-in feature. This means that the guarantee can increase beyond the capital depending on the performance of the underlying portfolio.

Investors can redeem their bonds monthly but if they do before October 31, 2010 they will pay a redemption fee which decreases from 4 per cent of the net asset value until October 31, 2006 to 1 per cent until October 31, 2010. After that investors can cash in their investment without penalty.

This product offers investors a very diverse hedge fund portfolio managed by experienced professionals with the added benefit of capital protection. This should lower the risks associated with hedge fund investing. However, despite Man Investment&#39s attempts at transparency in publishing the asset allocation weightings for the portfolio, the underlying hedge funds may still suffer from a lack of transparency.


Broker in libel action after FSA dismisses claim

Stockbroker Collins Stewart says it will press ahead with its £240m libel claim against the Financial Times after the FSA cleared it and its parent Collins Stewart Tullett of market abuse allegations. Last week, the FSA concluded its investigation into allegations made against Collins Stewart by former employee James Middleweek and says it will not […]

Get ready for mortgage change

Mortgage intermediaries in the North will have the chance to discuss the impact of forthcoming regulatory change at Mortgage Strategy Live in Manchester next month. The event is sponsored by Sesame and takes place on September 28 at the G-Mex Centre as part of Money Marketing Live. With the advent of regulation just around the […]

Hargreaves Lansdown adding life and pension fund facility to library

FundsLibrary, the online database created by Hargreaves Lansdown, is adding a life and pension fund fac-ility in addition to the online index of mutual funds. The life and pension facility is being developed by a working group consisting of Axa, Friends Provident, Legal & General, Norwich Union, Standard Life and the ABI. FundsLibrary is set […]

Amex adds Sipp to wrap

American Express Financial Services Europe is offering a self-invested personal pension as part of its new wrap account for financial advisers. The Sipp will be administered by third-party administrator Capita, which bought PPML in May and subsequently created Capita PPML as its new dedicated Sipp arm. Amex first launched its wrap account, called Adviser Service, […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm