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Man Investments to form Canadian subsidiary


Date: Thursday, July 6, 2006
Author: National Public Relations

New operations based in Toronto will offer broad range of alternative investment products

 

July 6, 2006 –Toronto, Ontario - Man Investments, one of the world’s largest providers of hedge fund investments, today announced the opening of its Canadian operations. Man Investments Canada Corp. will specialize in alternative investment products for private client and institutional investors.

 

Man Investments has been at the forefront of the international alternative investment industry for two decades.  The firm has launched over 450 alternative investment vehicles in many countries, and manages approximately US$49.9 billion worldwide as of March 31, 2006.  Based in London, Man Investments has offices in 14 countries including offices in Chicago and New York.

 

Man Investments Canada, led by Toreigh Stuart, Chief Executive Officer, will build a broad range of investment products to suit the private client and institutional market.  The initial staff of six professionals has significant experience in the alternative investments industry. The group will cover all of Canada, with a senior executive based in British Columbia to assist with the West Coast.

 

Two long-standing, senior executives of Man Investments, John M. Kelly and Richard C. Ewan, will also be a part of the new venture. Mr. Kelly, President and CEO of Man Investments Inc., based in Chicago, will serve as Chairman. He brings extensive experience to the Canadian business, having been with the firm for nearly twenty years in several countries. Mr. Ewan, who will be Director of Product Development beginning January 1, 2007, has been with the firm more than thirteen years. 

 

Mr. Kelly said Canada was a sophisticated investment market with high potential for the alternative investment industry.

 

“We see exceptional opportunities in this country, with a rapidly growing appetite for our brand of products,” he said.  “Man Investments has developed significant demand for its products, with approximately C$500 million raised through our successful strategic alliance with Canadian asset manager BluMont Capital Corporation.  Our new operation will build on this experience and broaden the range of alternative investment products available in Canada.”

 

Man Investments will continue a very important relationship with BluMont Capital in servicing the many investors in the BluMont Man Note products and will launch the BluMont-Man IP 220 Series 4 Notes later this month.

 

Man Investments Canada Corp.’s new office will be located at

70 York Street
in downtown Toronto.  Contact details are listed below.

 

For further information, please visit our website, www.maninvestments.com, or contact:

NATIONAL Public Relations, Toronto

Stephen Ledgley

416-848-1376

 

About Man Investments

Man Investments (“Man”), the asset management division of Man Group plc, is a global leader in the alternative investments industry.  It provides innovative products and tailor-made solutions for private and institutional investors.  In its core hedge fund asset class, Man offers funds of hedge funds, structured and style products.  The company’s experience stretches back more than two decades and defines the standard for excellence in an industry whose central goal is to provide diversification away from traditional equity and bond investments.  Man has a powerful global presence with central operations in Pfaeffikon (Switzerland) and London, and key centres in Chicago, Montevideo, Hong Kong, Sydney, Tokyo, Toronto and Dubai, as well as an extensive network of distribution partners. 

 

About Man Group plc

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