Saturday, 10 October 2015
Last updated 18 hours ago
Nov 1 2010 | 12:25pm ET
The Man Group has opened its flagship strategy to retail investors in Singapore.
The London-based firm is marketing its UCITS III-compliant Man AHL Trend fund in the city-state. Investors with at least S$20,000 to spare can invest in the strategy that makes up more than half of Man's assets.
"We don't expect a huge tsunami of money coming into the fund initially," Timothy Peach, head of sales for Southeast Asia, told Bloomberg News. "It is quite different from your typical mutual fund."
For one, you'll pay a lot more for it: Man AHL Trend will charge Singaporean retail investors a whopping 3% management fee and a 20% performance fee.
Peach told Bloomberg that Man is looking into extending the fund to other parts of Southeast Asia. But it took some three years to win approval in Singapore alone.
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…