WEST PALM BEACH, FL (www.hedgeco.net) – Man Investments announced it is launching a new fund of hedge funds. The new product is called Man Glenwood Equity Opportunities. The fund is to be managed bythe Chicago based fund of hedge funds provider, Glenwood Capital. The new fund according to the released information offers exposure to long/short equity hedge fund managers. The firms also said thenew product was necessitated by popular investor demand for equity oriented hedge funds.
The Man Glenwood Equity Opportunities fund aims at providing investors in the portfolio with an average annualized return of between 7 and 10 percent, trading equity products with an estimated volatility in the range of 6-9 percent. The new fund will take advantage of equity trading opportunities by taking both long and short positions in anticipation of market rise and fall depending on the prevailing opportunity.
The fund will be initially offered for the period from Jan. 10 to Feb. 11 according to released information. Monthly subscriptions will resume thereafter the statement added.
Fee structure and minimum investment requirements were not immediately provided. Glenwood Capital is a Chicago-based fund of hedge funds manager; one of Man�s Investments� core funds of hedge funds managers, Glenwood has been running fund of hedge fund products since 1987 according to company information. Glenwood Capital Investments, L.L.C., is an asset management and wholly owned subsidiary of Man Group plc.
Paul Oranika
Editor-in-Chief
HedgeCo.Net
Email: Editor@hedgeco.net
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