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                        -  INTRODUCTION TO MAN INVESTMENTS

                        -  MAN AHL DIVERSIFIED (Guernsay)  NEW.

                        - MAN AHL DIVERSIFIED PLC.  (785.80 % of Total Return Since Inception)

                              - MAN AHL DIVERSIFIED MARKETS EU. (614.40% of Total Return Since Inception).

                         - A CAPITAL GUARANTEED INVESTMENT PRODUCT.

                         - Man Investments/Man Group timeline.

                         - Results for the year ended 31rst March 2008.

Key information:

- Funds under management: estimated at USD 75 billion. (31rst March 2008)

                                  - Employees: approximately 1600 worldwide

                                  - Established: 1983

                                  - Number of products launched: approximately 500

                                  - Offices: Australia, Bahamas, Canada, Hong Kong, Ireland, Japan, Netherlands, Singapore,  

                                                Switzerland, UAE, UK, Uruguay, USA.

 

About Man Investment:

Man Investments is a global leader in the fast growing alternative investments industry. It provides innovative products and tailor-made solutions to private and institutional investors. Through its multi-managers - RMF, Glenwood and Man Global Strategies, and its single managers - (AHL for example), Man Investments has become specialist in various alternative asset classes: hedge funds, leveraged finance and convertible bonds. In its core hedge fund asset class, Man Investments offers funds of hedge funds, structured and style products. Its track record stretches back more than two decades and defines the standard for excellence in an industry whose central goal is to provide diversification away from traditional equity and bond investments. Man has a powerful global presence, supported by strong product development and structuring skills, and an extensive investor service and distribution network. The business is dedicated to providing private and professional investors with access to the skills of world class hedge fund managers, packaged in a broad range of off-the-shelf product structures and tailored solutions :

 
Combined Strengths   Innovative products and solutions
Man Investments' core managers - AHL, Glenwood, Man Global Strategies, RMF, Pemba, Man Eco - and the unified business units of the firm operate under the brand of Man Investments. The components of the business are integrated within a three-tier model that enables Man to offer a diverse range of alternative asset classes, investment styles, products and solutions.   Man is renowed for its cutting-edge approach to structuring products and solutions capable of achieving absolute returns with low correlation to traditional asset classes. Man's investment professionals draw on the expertise of the core managers to develop products and tailor-made solutions that cater to the specific requirements of private and institutional clients.
         
Investment managers with distinct characteristics   Dedicated client service
Man Investments' core managers form the foundation of the business. They provide the investment content for portfolios and are responsible for portfolio construction, asset allocation decisions and risk management. Each of Man's core managers operates independently to preserve the benefits of diversification and has specialised expertise in one or more alternative asset classes.   Man's private client business is conducted through commercial and private banks and an extensive intermediary network of investment professionals with who Man has long-standing relationships. Man's institutional business is co-ordinated by Man's relationship managers who ensure there is a close link between clients and Man's investment managers.

 

Investment philosophy:

The part played by alternative investments in asset allocation strategies looks set to grow in the decades ahead. Today, a flourishing community of private and institutional investors looks to established managers capable of delivering superior risk-adjusted performance whether markets are rising of falling. Experience and an in-depth understanding of evolving market conditions are essential in order to meet the requirement of clients for growth and protection of capital. Specialised capabilities in different alternative investment asset classes must be underpinned by a creative and robust approach to investment management. Man investment believes that providing a comprehensive and integrated investment service is the key to fulfilling expectations and building lasting relationship.

 

Business Model:

Man Investments' core managers form the foundation of the asset management business. They provide the investment content for portfolios and are responsible for portfolio construction, asset allocation decisions and risk management. The managers operate independently to preserve the benefits of diversification and each of them has distinct expertise in one or more alternative asset classes:

RMF :

RMF was founded in 1992 and focuses on robust investment solutions in hedge funds, leveraged finance and convertible bonds. In each of these asset classes, RMF places a premium on skill-based strategies with predictable outcomes and clearly definable added value. RMF has succeeded in developing a structured investment model in which investment selection, portfolio construction, risk management and investment service functions are modularised. The model can be systematically scaled to manage increasing investment volumes. It enables RMF to galvanise the full potential of alternative strategies as well as leverage the creativity and expertise of its highly qualified investment professionals. Drawing on extensive know-how in different investment disciplines and established relationships within the alternative investment community, the various RMF teams are able to access high quality managers and practitioners. Attracted by its reliable, ISO-certified investment process, and proven track record of solid absolute returns, a range of insurance companies, pension funds and corporations have chosen RMF to fulfil their varied alternative investment requirements.

 

Glenwood :

Glenwood has been building and managing portfolios of hedge funds for institutional and individual clients since 1987. Its investment approach is built on the belief that finding, evaluating and gaining access to exceptional, idiosyncratic hedge fund managers is the key to attractive absolute returns. Glenwood uses its extensive experience, network of industry contacts and unrivalled market access to identify and secure capacity in such managers. Glenwood then applies a series of quantitative and qualitative tools and processes to combine these managers into a range of portfolios that target strong capital growth for an acceptable level of risk.

Since 2000, Glenwood has been a wholly-owned subsidiary of Man Group plc, a London-listed financial services group, where it operates as a division of Man Investments - a global leader in alternative asset management. Glenwood continues to operate as Chicago-based independent asset management company under the Man Group umbrella - with an independent investment team and full investment autonomy.

 

Man Global Strategies :

Man Global Strategies constructs and manages hedge style and multi-strategy portfolios, including many of  the portfolios for Man Investments' structured products. It also creates customised portfolios in conjunction with institutional partners operating in local markets around the world. The investment professionals on the Man Global Strategies investment committee posses an average of a 16 years of relevant investment experience. They have refined their multi-strategy asset allocation skills since 1996, when the Man-IP 220 Limited structured product was developed. Other successful product families have followed the Man-IP 220 product, including the Man Multi strategy and Man-AP families, which offer different target risk and return ranges over the medium-term. Man Global Strategies also creates portfolios for banks and other institutional partners operating in local markets around the world.

 

AHL :

Click here to see manager profile (French)

AHL implements two main managed futures investment programmes - the AHL Diversified Programme and the AHL Institutional Programme. These programmes are quantitative and primarily directional in nature, meaning they seek to identify and take advantage of upward and downward price trends. Investment rules are executed within a systematic framework. Trading takes place around-the-clock and real time price information is used to respond to price moves across a diverse range of global markets encompassing stock indices, bonds, currencies, short-term interest rates and commodities. The instruments traded are primarily futures and OTC foreign exchange forwards and metal contracts.

Founded in 1987, AHL has always been underpinned by a strong research ethic. Refinements to the investment process have been as much a feature of the manager's history as the continuity of the AHL investment philosophy and principles - diversification, discipline, efficiency, rigorous risk control and ongoing research.

In 2009, AHL enters its twenty-third year of operations. Over its history, AHL  has combined an innovative research culture with a practical understanding of market risks, whilst constantly improving the efficiency of its business. AHL doesn't take its success for granted. Typifying its commitment to research is the early success and its ongoing dedication to the Oxford-Man Institute of Quantitative Finance (a collaboration with Oxford University) and its Man research laboratory.

 

Pemba :

Pemba Credit Advisers is an experienced manager of European credit portfolios. It uses a robust, process-driven investment approach to investing in European senior secured loans, mezzanine and second lien loans and high yield bonds.

Its disciplined, transparent and repeatable investment process is based on fundamental bottom-up credit research and is designed to optimise returns and avoid losses. Pemba takes a conservative approach to risk. It implements this through judicious credit selection, portfolio diversification and active portfolio management. A large team of specialised analysts, quantitative experts and sophisticated in-house systems provide added structural support. The business was originally established in 1998 as the European Leveraged Finance Team of RMF Investment Management, a division of Man Investments. In recognition of its track-record of strong performance and continuing asset growth, Pemba Credit Advisers was established as one of Man Investments' stand-alone single managers in late 2006.

 

Man Eco :

Man Environmental Capital Opportunities (Man ECO) is an investment manager which aims to develop profitable private-equity investment opportunities surch as climate change, energy security and energy related technological innovation. Man Eco seeds and manages private equity investment funds which focus on environmental assets such as renewable energy, plant and infrastructure projects abd emission credits, predominanly for sophisticated institutional investors, family offices and fund of funds.

 

 

Hedge fund managers :

 

 

Over 300 fund managers provide capacity to our core manager portfolios. They utilise a wide variety of alternative investment styles and strategies, trading in their specialist asset classes on markets and exchanges worldwide.

 

Product engineering and structuring :

 

Structuring experts build on the investment content and portfolios of our core managers. Their combined expertise in finance and investment banking, law and mathematics has resulted in innovative and secure approaches to meeting investor needs for principal protection, efficient fiscal and legal structures, leverage, risk transfer and liquidity.

 

Global sales and distribution network :

Man's development and approach to business is guided by the needs of clients. Its sales and consulting teams serve investors and a vast network of distribution partners. Man's powerful global presence, with more than 1100 employees in 12 countries, backs up its commitment to client service and building lasting relationships.

Investor services :

 

An extensive investor service infrastructure is in place to ensure the prompt reporting of product and account information to investors, efficient and timely clearing and settlement and delivery of valuable information about the company and the alternative investment industry.

 

 

The information provided here is based on data we consider reliable but which we do not represent to be accurate or complete.

Any recommendation contained in this report may not be suitable for all investors.

Past performance is not indicative of future performance results.

 

 

CAPITAL PERFORMANCE S.A

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E-MAIL : pshama@cperformance.com