MAN hedge fund gets top rating

Date: Thursday, April 10, 2008
Author: Financial Standard

Recently launched hedge fund MAN RMF Dynamic has been awarded a “highly recommended” rating by Zenith Investment Partners – the only product to achieve the standard in the ratings house’s hedge fund of fund scoreboard.

The fund gives investors the opportunity to invest in a currency hedged “high alpha” hedge fund of fund product that should delivery strong positive returns with low correlation to mainstream investment markets, the investment research firm said in a statement. The fund was launched by Man Investments Australia and is managed by RMF Investment Management.

Zenith associate director Ben Davis said the fund’s structure fills a niche currently lacking in mainstream investment platforms.

The return objective of the 6 per cent above the UBS Bank Bill (before fees) provides the potential to generate meaningful alpha to a diversified portfolio, said Davis. This higher alpha objective is facilitated by a relatively concentrated and flexible tactical asset allocation approach.

“While the fund is a new product with a limited track record the underlying master fund that this fund invests into has a successful longer track record dating back to March 2001,” said Davis.