Forum Archive Index - January 2002

["DR" <kat47@bigfoot.com>]

Ref the OM-IP Hedge Fund, the following has been released in the last hour from Man Group:

 

11 January 2002


               Man Group raises $590m in latest product launches


Man Group plc, the international hedge fund manager and futures broker, today
announces that its two most recent launches Man Multi-Strategy Series 3 Ltd
and OM-IP Hedge Plus Limited have together raised the equivalent of over
US$590 million of client money.



Man Multi-Strategy Series 3 Ltd raised over US$450m in its two currency
classes - Euros and US dollars, a record for this type of offering.  Series 3
was a global offering, primarily aimed at private clients, based on the
successful multi-strategy approach introduced in 2000 with the launch of Man
Multi-Strategy Guaranteed Limited. The Series 3 approach provides access to
multiple investment strategies, many of which have relatively low correlation
to traditional assets representing some of the key hedge fund style groups
including securities selection (long/short), event driven, managed futures and
market neutral & arbitrage.



OM-IP Hedge Plus Limited was launched in Australian dollars and raised the
equivalent of over US$140m, also a record amount for the Australian markets.
Hedge Plus was a regional offering focused on private clients in Australia and
New Zealand. It provides access to a diversified portfolio that includes both
the AHL Diversified and Man-Glenwood Multi-Strategy Programmes.