Man GLG Emerging Markets Income Fund Raises $120 Million Through Initial Public Offering

TORONTO, Nov. 18, 2011 /CNW/ - Man Investments Canada Corp. ("Man Canada") is pleased to announce that the Man GLG Emerging Markets Income Fund (the "Fund") has completed its initial public offering of 10,049,921 Class A Units and 1,950,079 Class F Units, for aggregate proceeds of $120,000,000. The Class A Units commence trading Friday, November 18, 2011 on the Toronto Stock Exchange (TSX) under ticker name EMY.UN. The Class F Units will not be listed on any stock exchange.

The Fund's investment objectives are: i) to provide holders of Units (the "Unitholders") with monthly tax-advantaged distributions; and ii) to preserve capital while providing the opportunity for longterm capital appreciation for Unitholders. The Fund will not have a fixed distribution amount, but the distributions are initially targeted to be 6% per annum on the subscription price of $10.00 per Unit ($0.05 per Unit per month or $0.60 per Unit per annum). The Fund has been created to provide exposure to an actively managed, liquid and diversified portfolio of securities across various asset classes primarily within global emerging markets such as Latin America, Central and Eastern Europe, the Middle East, Africa and Asia (the "Portfolio"). The Portfolio will be managed by GLG Partners LP. In managing the Portfolio, GLG Partners LP will pursue its strategy through both active trading and investment principally in interest rate securities and instruments, sovereign and corporate credit instruments and other fixed income securities, foreign exchange instruments and derivatives that provide exposure to these asset classes.

Toreigh Stuart, Chief Executive Officer of Man Canada, said: "We are very pleased with the success of this offering. In today's volatile markets, we believe this has proven that investors are seeking liquid investments and diversifying returns through exposure to emerging market economies."

The syndicate of Agents for this offering was led by CIBC and included RBC Capital Markets, BMO Nesbitt Burns Inc., Scotia Capital Inc., TD Securities Inc., GMP Securities L.P., Canaccord Genuity Corp., Macquarie Private Wealth Inc., Dundee Securities Ltd., HSBC Securities (Canada) Inc., Manulife Securities Incorporated, Raymond James Ltd., Rothenberg Capital Management Inc. and Desjardins Securities Inc.

About Man

Man is a world-leading alternative investment management business. It has expertise in a wide range of liquid investment styles including managed futures, equity, credit and convertibles, emerging markets, global macro and multi-manager, combined with powerful product structuring, distribution and client service capabilities. As of September 30, 2011, Man managed US$64.5 billon.

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 approximately US$4.5 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

About GLG

GLG Partners Inc. ("GLG"), a wholly owned subsidiary of Man since October 14, 2010, was established in 1995. GLG is dedicated to achieving consistent, superior investment returns through traditional, alternative and hybrid investment strategies. The performance GLG generates is driven by the proven expertise of its team of investment professionals, underpinned by a rigorous approach to investment analysis and a strong focus on risk management.

Not for release, publication or distribution, in whole or in part, in, into or from any jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction.

SOURCE Man GLG Emerging Markets Income Fund

For further information:


Toreigh Stuart
CEO, Man Investments Canada Corp.
(416) 775-3636

Profil de l'entreprise

Man GLG Emerging Markets Income Fund

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Man Investments Canada Corp.

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