TORONTO, April 30 /CNW/ - Man Investments Canada Corp. (the "Manager") is
pleased to announce the filing of a final prospectus in respect of an initial
public offering of Class A and Class F Units of the Man Canada AHL Alpha Fund
(the "Fund") for maximum proceeds of $125,000,000.
The Fund's investment objective is to provide investors with the
opportunity to realize capital appreciation through investment returns that
have a low correlation to traditional forms of stock and bond securities. The
Fund will seek to achieve its investment objective through exposure to a
diversified portfolio of financial instruments across a range of global
markets including currencies, bonds, stocks, energy, metals and interest rates
to be managed by Man Investments Limited using a multi-strategy trading
program (the "AHL Alpha Programme"). The AHL Alpha Programme is implemented
and managed by AHL, a division of Man Investments Limited.
"AHL is one of the most established and longest running managed futures
programs in the world. In today's volatile markets the timing could not be
better to offer the Fund in Canada," said Toreigh Stuart, Chief Executive
Officer of Man Investments Canada. "For investors rethinking their asset
allocation, this vehicle provides low correlation to their stock and bond
investments with the opportunity to enhance portfolio returns."
The syndicate of Agents for the offering was jointly led by Scotia
Capital Inc. and CIBC World Markets, and included BMO Capital Markets, Dundee
Securities, Blackmont Capital Inc., Canaccord Adams, Richardson Partners
Financial Limited, Desjardins Securities Inc., Industrial Alliance Securities
Inc., Laurentian Bank Securities Inc, Rothenberg Capital Management Inc. and
Wellington West Capital.
Closing of the offering is expected to occur on or about May 28, 2009, or
such other date as the Fund and the Agents may agree, but in any event not
later than June 30, 2009.
For further information, please contact your financial advisor, call Man
Investments Canada toll-free at 1 877 860-1080 or visit our website at
Man Investments Canada Corp. and Man Investments Limited are part of the
Man Investments division ("Man Investments") of Man Group plc ("Man"). Man is
a world-leading alternative investment management business. With a broad range
of funds for institutional and private investors globally, it is known for its
performance, innovative product design and investor service. Man manages
around US$50 billion.
The original business was founded in 1783. Today, Man Group plc is listed
on the London Stock Exchange and is a member of the FTSE 100 Index with a
market capitalization of US$5.4 billion.
Man Group is a member of the Dow Jones Sustainability World Index and the
FTSE4Good Index. Man also supports many awards, charities and initiatives
around the world, including sponsorship of the Man Booker literary prizes.
Further information can be found at www.mangroupplc.com.
Commissions, trailing commissions, management fees and expenses all may
be associated with investment funds. Please read the prospectus before
investing. Investment funds are not guaranteed, their values change frequently
and past performance may not be repeated.
For further information:
For further information: Toreigh Stuart, CEO, Man Investments Canada