CIBC Man AHL Diversified Deposit Notes Close at $37.8 Million

    TORONTO, July 3 /CNW/ -- Man Investments Canada Corp. ('Man Canada'), a
division of leading global hedge funds provider Man Investments, with the
Canadian Imperial Bank of Commerce ('CIBC'), is pleased to announce that it
raised CAD $37.8 million for the CIBC Man AHL Diversified Deposit Notes Series
1 ('Deposit Notes').
    The Deposit Notes, Man Canada's third offering with CIBC, provides
Canadian investors with exposure to the AHL Diversified Programme -- a
systematic global futures trading program. The underlying AHL Diversified
Programme has a track record of more than 17 years with an annualized return
of 17.6% (net of fees as of May 31, 2008).
    "AHL's managed futures strategies continue to do extremely well during
this difficult period for equity markets," said Toreigh Stuart, Chief
Executive Officer of Man Canada. "Investors are searching for diversification,
alpha and investments that don't correlate to their traditional portfolio.
This solution is delivering on all three fronts."
    Mr. Stuart added that, since equity markets have been affected by the
subprime crisis, the AHL Diversified Programme has returned 20.1% (net of fees
from July 1, 2007 to May 31, 2008).
    This is the ninth alternative investment solution that Man Canada has
introduced since its Toronto office opened in July 2006.

    For further information please contact:
    Armel Leslie
    Walek & Associates
    317 Madison Ave. Ste 2300
    New York, NY 10017
    Tel: +1 (212) 590-0530
    Cell +1 (914) 320-7620

    Notes to Editors
    About Man Investments
    Man Investments, the Asset Management division of Man Group, is a global
leader in the fast growing alternative investments industry.  It provides
access for private and institutional investors worldwide to hedge funds and
other alternative investment strategies through a range of products and
solutions designed to deliver absolute returns with a low correlation to
equity and bond market benchmarks.  Man Investments has a 20-year track record
in this field, supported by strong product development and structuring skills,
and an extensive investor service and global distribution network.  Further
information on Man Investments can be found at
    About Man Group plc
    The Man Group, established in 1783 and one of the world's largest
alternative asset managers, is listed on the London Stock Exchange and is a
constituent of the FTSE 100 index of major UK-listed companies.  It had a
market capitalization of USD 18.9 billion as of March 31, 2008. Man Group plc
employs more than 1,600 people in 13 countries, estimated as of March 31,
2008, with key centres in London and Pfaffikon (Switzerland) and offices in
Chicago, Dubai, Hong Kong, Montevideo, Miami, Nassau, New York, Singapore,
Sydney, Tokyo and Toronto.
    About CIBC
    CIBC is a leading North American financial institution with nearly 11
million personal banking and business clients. CIBC offers a full range of
products and services through its comprehensive electronic banking network,
branches and offices across Canada, in the United States and around the world.

For further information:

For further information: Armel Leslie of Walek & Associates, 
+1-212-590-0530, or Cell +1-914-320-7620,, for Man 
Investments Canada Corp. Web Site:

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