Man Investments takes full control of hedge fund

Date: Tuesday, December 12, 2006
Author: Advisor.ca

Man Investments Canada has announced that it assumed the role of successor manager of the Man Multi-Strategy (Canada) Fund from BluMont Capital. Man purchased the fund, previously known as the BluMont Man Multi-Strategy Fund, from BluMont earlier this year.

"Given our commitment to this market and the recent opening of our Canadian office, it makes sense for our team to distribute and service this product directly to investment advisors," says Toreigh Stuart, CEO of Man Investments Canada. "The availability of this investment vehicle is a significant piece of our overall plan to create local access to the types of products that have been extremely successful for the firm in other parts of the world."

The fund is available to individual and institutional investors. Minimum investment is $25,000.

Man Global Strategies, the British division of Man Investments, will continue to be responsible for the investment management of the portfolio.