Saturday, 25 April 2015
Last updated 19 hours ago
Jan 29 2007 | 11:01am ET
Hedge fund manager Man Investments today launched a capital guaranteed product based on its MGS Access portfolio.
The fund, Man MGS Access Series 2, will be offered in two bond classes, both targeting a moderate level of 8-10% annualized volatility. The USD bonds will aim for annualized returns of 13-16% and the EUR bonds will target annualized returns of 11-14%.
Only managers that are highly-rated by Man Global Strategies will be considered for inclusion in the portfolio, which is comprised of about 15 hedge funds. MGS has negotiated favorable terms with these managers, several of which are closed to new investors. These terms include increased levels of reporting, flexibility to adjust the amount of money invested with the manager, and bespoke managed accounts.
“The quality of the managers in the Access portfolio and the high level of transparency that we have into their daily operations gives us the confidence to offer such a concentrated and dynamic portfolio,” said Antoine Massad, chief executive of Man Investments Middle East. “This has allowed the structuring experts at MGS to develop a product that offers the potential for strong capital growth and diversification with the security of a capital guarantee.”
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…