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Man Investments Canada Launches Principal Protected MGS Access Notes


Date: Tuesday, February 6, 2007
Author: Man Group PLC

Company’s first Canadian Note product offers high level of transparency into hedge fund managers.

Toronto, Ontario – Man Investments Canada Corp., a leading provider of hedge fund investments, announced the launch of the Man MGS Access (Canada) Notes, the company’s first independent Note product designed specifically for the Canadian market since opening its Canadian office in July 2006. The notes, denominated in Canadian dollars, will provide exposure to the performance of the MGS Access Portfolio, which is actively managed by Man Global Strategies (“MGS”).

 

“One concern many investors have had regarding hedge fund products is a lack of transparency. We are extremely proud to be providing a solution to this problem by bringing a product to market that discloses all underlying managers in the portfolio,” said Toreigh Stuart, Chief Executive of Man Investments Canada Corp. “The quality of the managers in the Access portfolio and the high level of transparency that we have into their daily operations via managed accounts gives us the confidence to offer such a concentrated and dynamic portfolio.”

 

The Man MGS Access (Canada) Notes issued by Citibank Canada are structured to ensure that holders of the Notes receive payment of an amount equal to 100% of the subscription price at maturity. The obligations of Citibank Canada are guaranteed by Citibank, N.A.

 

Additionally, Man Investments Limited, the Investment Advisor of the Access Portfolio, will seek to provide investment exposure to the MGS Access portfolio of up to 150% of the prevailing net asset value of the Notes. This portfolio allocates to a selection of quality hedge fund managers that score highly on MGS’ internal rating system and all have one thing in common: a focus on capturing alpha.

 

The Access Portfolio is comprised of hedge funds managers that use complementary investment styles.  MGS has negotiated favourable terms with these managers, several of which are closed to new investors. These terms include increased levels of reporting; the flexibility to adjust the amount of money invested with the manager; and bespoke managed accounts. 

 

Through managed accounts, MGS maintains control over client funds and receives comprehensive trading data for all its investments. This high level of transparency, supported by regular contact through a dedicated relationship management team and a strong due diligence process, allows MGS to actively manage the concentrated portfolio.

 

“We are very pleased that the launch of these Notes marks our first product offering in the Canadian market,” said Stuart. “This is a highly attractive offering for investors seeking strong capital growth over the medium to long-term and diversification, with the security of principal protection.”

 

The Man MGS Access (Canada) Notes will be open for investment from 1 February 2007 to on or about 30 April 2007.

 

About Man Investments

Man Investments Canada Corp. is a subsidiary of Man Investments, the Asset Management division of Man Group plc, a global leader in the fast-growing alternative investments industry. It provides innovative products and tailor-made solutions to private and institutional investors.  Through its core investment managers – AHL, Glenwood, Man Global Strategies and RMF – Man Investments has succeeded in developing leadership in hedge funds and has interests in other asset classes. Established in 1983, Man Investments has launched over 450 products, many of them with leading financial institutions. It manages USD 60 billion and employs more than 1,300 people worldwide. Man Investments has key centres in London and Pfäffikon (Switzerland), and offices in Chicago, Hong Kong, the Middle East, Montevideo, Nassau, Sydney, Tokyo and Toronto. Further information on Man Investments can be found at www.maninvestments.com

 

 

About Man Group plc

Man Group plc is a leading global provider of alternative investment products and solutions as well as one of the world's largest futures brokers. The group employs over 4,000 people in 16 countries, with key centres in London, Pfäffikon (Switzerland), Chicago and New York. Man Group plc is listed on the London Stock Exchange (EMG.L) and is a constituent of the FTSE 100 index. Further information on Man Group can be found at www.mangroupplc.com.

 

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For further information please contact:

PR Agency contact details:

Stephen Ledgley

NATIONAL Public Relations, Toronto
416-848-1376

sledgley@national.ca

 

Stephen Hermann

Communications, Man Investments

Tel. +1 312 881 6509

shermann@maninvestments.com

 

Robb Corrigan

Communications, Man Investments

Tel: +44 (0) 207 144 3012

Tel: +41 (0) 55 471 60 00

rcorrigan@maninvestments.com