Sunday, 28 December 2014
Last updated 5 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
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