Welcome to CanadianHedgeWatch.com
Saturday, August 8, 2020

CIBC Man AHL Diversified Deposit Notes close at $37.8 Million


Date: Thursday, July 3, 2008
Author: Man Investments

Toronto, Ontario – Man Investments Canada Corp. (‘Man Canada’), a division of leading global hedge funds provider Man Investments, with the Canadian Imperial Bank of Commerce (‘CIBC’), is pleased to announce that it raised CAD 37.8 million for the CIBC Man AHL Diversified Deposit Notes Series 1 (‘Deposit Notes’).

 

The Deposit Notes, Man Canada’s third offering with CIBC, provides Canadian investors with exposure to the AHL Diversified Programme – a systematic global futures trading program. The underlying AHL Diversified Programme has a track record of more than 17 years with an annualized return of 17.6% (net of fees as of May 31, 2008).

 

“AHL’s managed futures strategies continue to do extremely well during this difficult period for equity markets,” said Toreigh Stuart, Chief Executive Officer of Man Canada. “Investors are searching for diversification, alpha and investments that don’t correlate to their traditional portfolio. This solution is delivering on all three fronts.”

 

Mr. Stuart added that, since equity markets have been affected by the subprime crisis, the AHL Diversified Programme has returned 20.1% (net of fees from July 1, 2007 to May 31, 2008).

 

This is the ninth alternative investment solution that Man Canada has introduced since its Toronto office opened in July 2006.

For further information please contact:

 

Armel Leslie

Walek & Associates

317 Madison Ave. Ste 2300

New York, NY 10017

Tel: +1 (212) 590-0530

Cell +1 (914) 320-7620

aleslie@walek.com

 

 

 

About Man Investments

Man Investments, the Asset Management division of Man Group, is a global leader in the fast growing alternative investments industry.  It provides access for private and institutional investors worldwide to hedge funds and other alternative investment strategies through a range of products and solutions designed to deliver absolute returns with a low correlation to equity and bond market benchmarks.  Man Investments has a 20-year track record in this field, supported by strong product development and structuring skills, and an extensive investor service and global distribution network.  Further information on Man Investments can be found at www.maninvestments.com.

 

 

About Man Group plc

The Man Group, established in 1783 and one of the world’s largest alternative asset managers, is listed on the London Stock Exchange and is a constituent of the FTSE 100 index of major UK-listed companies.  It had a market capitalization of USD 18.9 billion as of March 31, 2008.

Man Group plc employs more than 1,600 people in 13 countries, estimated as of March 31, 2008, with key centres in London and Pfäffikon (Switzerland) and offices in Chicago, Dubai, Hong Kong, Montevideo, Miami, Nassau, New York, Singapore, Sydney, Tokyo and Toronto.

 

About CIBC

CIBC is a leading North American financial institution with nearly 11 million personal banking and business clients. CIBC offers a full range of products and services through its comprehensive electronic banking network, branches and offices across Canada, in the United States and around the world.