Man Investments, one of the world's biggest providers of hedge fund products, today unveiled an internet-based trading facility that cuts significantly the time taken to buy and sell hedge fund investments.
The on-line platform, called MI Trade, allows daily trading as opposed to monthly or quarterly limits. It puts hedge fund investing with selected Man Investments' products on a similar time scale to trading in stocks and bonds.
With the speed of transactions, MI Trade introduces greater flexibility to hedge fund trading, allowing investors to adjust investment strategies at short notice. Until now, such flexibility has been very limited in the hedge fund industry, with restricted availability and tight conditions.
With MI Trade, financial advisers acting for clients can use the internet to buy and sell a range of Man Investments' products without delay. It allows them to manage actively client accounts and gives access to hedge fund investment products and prices.
Antoine Massad, Chief Executive Officer of Man Investments Middle East, described the system as "a major leap forward for hedge funds that gives Man Investments a strong competitive advantage."
"Investors can now, at no extra cost, actively and easily invest in hedge funds as part of an overall portfolio of stocks, property and bonds," he said.
Investment products available through MI Trade cover a wide range of fund managers in the Man stable, including commodities, emerging markets, managed futures, health care, real estate and environment-based funds.
The program will use major financial transaction clearing systems available in a wide range of countries. Planned development will extend its reach and capabilities even further.
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About Man Investments
Man Investments provides access for private and institutional investors worldwide to alternative investment strategies through a range of innovative products and solutions designed to deliver long-term investment performance. Man Investments has a 20-year record in this field, supported by strong product development and structuring skills as well as an extensive investor service and global distribution network. Further information on Man Investments can be found at www.maninvestments.com
About Man Group plc
Man Group plc is a leading global provider of alternative investment products and solutions. The company employs 1,600 people in 13 countries, with key centres is London and Pfäffikon (Switzerland), and offices in Chicago, Dubai, Hong Kong, Montevideo, Nassau, New York, Singapore, Sydney, Tokyo and Toronto. Man Group plc is listed on the London Stock Exchange (EMG) and is a constituent of the FTSE 100 Index. Further information on Man Group can be found at www.mangroupplc.com.
Issued by Borouj Consulting on behalf of Man Investments
For more information, please contact
Randa Mazzawi at Tel: 9714 3403005,
e-mail: randa@boroujconsulting.com
Basma Alwesh at Tel: 9714 3403005,
e-mail: basma@boroujconsulting.com
© Press Release 2007
