iPerformance Fund Inc. (TSXV: IPR) is pleased to announce that its wholly-owned subsidiary

Date: Tuesday, September 10, 2002

iPerformance Fund Inc. (TSXV: IPR) is pleased to announce that its wholly-owned subsidiary, iPerformance Fund Corp. ("iPerform"), and Man Investment Products Inc. (“Man USA”) have formed a strategic alliance to market and distribute co-branded retail alternative investment products in Canada.

Sep 10 2002

Toronto, Ontario (September 10, 2002) – iPerformance Fund Inc. (TSXV: IPR) is pleased to announce that its wholly-owned subsidiary, iPerformance Fund Corp. ("iPerform"), and Man Investment Products Inc. (“Man USA”), the US member of the asset management division of London-based Man Group plc (LSE:EMG) (“Man”), have formed a strategic alliance to market and distribute co-branded retail alternative investment products in Canada. Under the terms of the strategic alliance, iPerform intends to offer Canadian versions of Man’s successful structured products, including the Man IP 220 Series (“MIP 220”). MIP 220 provides investors access to two of Man's most successful investment approaches - the Man-Glenwood Portfolio which specializes in fund-of-funds products and the Man-AHL Diversified Programme. This alliance will also allow the two firms to design new structured products specifically for Canadian investors. Man is one of the world’s largest international alternative investment managers with assets under management of approximately US$21 billion as at June 30, 2002 and has been at the forefront of the alternative investment industry since 1983. Renowned for its pioneering work in developing investment products that provide principal protection features such as capital guarantees, the firm has successfully launched more than 200 products with leading institutional firms. Man, a leading international financial services business formed in 1783, is listed on the London Stock Exchange and is a constituent of the FTSE 100 index of leading shares. “We are extremely excited about our alliance with Man USA and the products we can develop together for Canadian investors as a result” says Toreigh Stuart, President and CEO of iPerform. “We are now in the position to best meet investor needs by offering products with different target risk and reward profiles, so as to diversify away from traditional equity and bond investments.” “Canada is a large and sophisticated market and we are excited to offer Man’s products and services to Canadian investors,” said John Kelly, president of Man Investment Products Inc. “We are confident that our alliance with iPerform will replicate those that we have in other parts of the world, each of which has proven to be successful for us, our partners, and most importantly, the investors in the products.”