Man launches first product combining AHL and GLG
Man, a world leading alternative investment manager, today announced the launch of Man IP 220 GLG Ltd1, a product which offers investors access to a combination of Man’s flagship managed futures manager AHL and a broad range of GLG’s discretionary strategies for the first time. The product is the latest addition to Man’s highly successful IP 220 range, the first of which was launched in 1996.
09 February 2011
Man IP 220 GLG Ltd invests in both the AHL Diversified Programme and the GLG Global Opportunity Portfolio, a global multi-strategy portfolio invested across a broad range of GLG’s discretionary strategies. This blend of GLG and AHL brings together two investment managers with strong, long term track records and a historically low correlation to each other.
Christoph Möller, Global Head of Distribution and Institutional Relationship Management at Man, said: “Following Man’s landmark acquisition of GLG in October 2010, this is the first product which draws on the new Group’s combined investment talent. Man IP 220 GLG Ltd has been designed using strategies which perform independently from each other with the aim of generating strong returns across a variety of market conditions, providing investors with a valuable portfolio diversification tool.”
AHL Diversified Programme
AHL is a world leading quantitative investment manager and one of the largest and most consistently successful trend following managers with $22.6 billion assets under management2. The AHL Diversified Programme aims to profit from price movements and take advantage of strong market trends. The strategy trades in highly liquid futures markets around the globe and is designed to perform whether prices trend up or down with the result that returns tend to be uncorrelated with traditional stock or bond markets. AHL has a proven track record spanning over 20 years and the AHL Diversified Programme has delivered an annualised return of 16.9%3.
GLG Global Opportunity Portfolio
GLG is a leading global investment manager with assets under management of $25 billion4 and a comprehensive range of alternative and long-only investment products The GLG Global Opportunity Portfolio is a global multi-strategy portfolio that allocates to a broad range of GLG’s discretionary strategies managed by highly skilled individuals. Underlying strategies include long/short equity in American, European and Emerging Market stocks, convertible and credit arbitrage, global macro as well as distressed securities. Asset allocation between the underlying strategies is determined by top-down macro economic considerations, combined with views on individual sectors and strategies.
2. As per 31 December 2010
3. From 31 October 1996 – 31 October 2010 – there is no guarantee of trading performance and past or projected performance is not a reliable indicator of future performance
4. As per 31 December 2010