Product Launch

RNS Number:9650Q
Man Group PLC
16 October 2003



16 October 2003

Man Group raises US$770 million

Man Group plc, the global provider of alternative investment products and
futures broker, today announces that Man Global Strategies Diversified Ltd ('Man
Global Strategies Diversified') and the Swiss product Man Multi-Strategy CHF
Series 1 Ltd (Man Multi-Strategy CHF) have together raised the equivalent of
US$770 million of client money.

Man Global Strategies Diversified raised the equivalent of over US$640 million
in its two currency classes, Euros and US Dollars while Man Multi-Strategy CHF
raised the equivalent of US$130 million in Swiss Francs. Both products will
consist of strategic allocations to arbitrage, directional, equity hedge, long/
short equities and managed futures investment styles, and Man-Multi Strategy
will also include allocations to multi-strategy managers. These two products
differ from earlier products by providing access to a wider range of managers
and strategies that give even greater diversification for lower volatility,
while still providing the clear advantages of principal protection, profit
lock-in and increased investment exposure.

Stanley Fink, Chief Executive of the Man Group plc, today said:
'As a leading global provider of alternative investment products, Man has an
established brand and track record for providing investors with consistent
returns that have a low correlation with traditional stock and bond investments.
The success of these launches continues to demonstrate the attractiveness of our
products.'

These products are the latest to apply the extensive knowledge and experience of
the Man Global Strategies' investment committee. The portfolio construction
skills of Man Global Strategies are evident from the performance of the first
product in the Man Multi-Strategy family, Man Multi-Strategy Guaranteed Ltd.
With a track record dating back over three years, Man Multi-Strategy Guaranteed
Ltd has generated strong and steady returns over a period that has been
extremely difficult for traditional assets. As at 31 August 2003, it had
achieved an annualised return of 12.4% since inception on 15 July 2000. This is
particularly impressive compared to the annualised performance of world stocks
-10.8% and world bonds 8.2% over the same period. Capital guarantees have been
provided for Man Global Strategies Diversified by Lloyds TSB Bank plc and for
Man Multi-Strategy CHF by Royal Bank of Scotland plc. These ensure investors the
return of at least 100% of their initial investment at maturity as well as a
potential profit lock-in feature.

The next global launch will be Man Multi-Strategy Series 6 Ltd, which will be
open for investment on 27 October 2003. This product will target medium-term
annualised growth of around 15-17% for an annualised volatility of around 10-12%
for both USD and EUR class bonds, and will offer a 120% capital guarantee.

Enquiries

Man Group plc           020 7144 1000
Peter Clarke
David Browne

Merlin Financial        020 7606 1244
Paul Lockstone
Vanessa Maydon

Notes to Editors

About the Product
Man Global Strategies Diversified closed on 9 October 2003 and is expected to
start making initial investments from late October. A defining feature of Man
Global Strategies Diversified will be its conservative risk-adjusted target
returns. The investment objective for Man Global Strategies Diversified is to
achieve consistent medium-term capital gains targeting annualised returns of
13-15% for volatility of 7-8%. Man Multi-Strategy CHF closed on 29 September
2003 and started making initial investments from mid October. It is denominated
in CHF and is designed to produce annualised returns of around 14.5%-15.5% for
annualised volatility of around 9-10% over the medium term.

The products are the latest to apply the extensive knowledge and experience of
the Man Global Strategies' investment committee. The investment professionals at
Man Global Strategies have refined their multi-strategy asset allocation skills
since 1996, when Man Investments launched its first multi-strategy structured
product, Man-IP 220 Limited. Subsequent product families include the Man AP and
Man Multi-Strategy product ranges. Each product family has been constructed to
deliver specific return and volatility targets.

It is primarily through the skilful blending of lowly correlated investment
styles and advisors that both products aim to deliver consistent performance
during rising, falling, range-bound and volatile market periods. The impressive
risk adjusted returns targeted by both products are made feasible through the
construction of a diversified portfolio that targets additional exposure of 50
USD or EUR for every 100 USD or EUR invested. In addition, the products will
also enjoy the benefit of capital guarantees provided for Man Global Strategies
Diversified by Lloyds TSB Bank plc and for Man Multi-Strategy CHF by Royal Bank
of Scotland plc. These ensure investors the return of at least 100% of their
initial investment at maturity in 2016, as well as a potential profit lock-in
feature.

About Man Multi-Strategy Series 6 Ltd
Man Multi-Strategy Series 6 Ltd ("Series 6") provides investors access to a
comprehensive selection of investment strategies spanning the greater part of
the hedge fund spectrum. Series 6 has been structured to target impressive
annualised returns of around 15-17% for annualised volatility of around 10-12%
over the medium-term. Series 6 carries the benefit of an enhanced principal
protection arrangement that ensures investors the return of at least 120% of
their initial investment at maturity. The product will be available in both USD
and EUR class bonds.

The Series 6 portfolio will comprise strategic allocations to arbitrage, equity
hedge, fund of hedge funds, long/short equities and managed futures investment
styles. Information will be available from 27 October at www.maninvestments.com

About Man Investments
Man Investments, the asset management arm of Man Group plc, is an independent
and global leader in alternative investments, providing innovative products and
tailor-made solutions for private and institutional investors. Through its core
investment managers, Man Investments has succeeded in developing specialised
strengths in different alternative asset classes - hedge funds, private equity,
leveraged finance and convertible bonds. Established in 1983, Man Investments
has launched more than 200 products, many of them with leading financial
institutions. As at 30 September 2003, it managed over USD 30 billion and
employed more than 700 people world-wide. Man Investments' headquarters are in
Switzerland and London and it also has regional offices in Chicago, Hong Kong,
the Middle East, Montevideo, New York and Tokyo. Further information on Man
Investments can be found on www.maninvestments.com.

About Man Group plc
Man Group plc is a leading global provider of alternative investment products
and solutions as well as one of the world's largest futures brokers. The Group
employs over 2,500 people in 15 countries, with key centres in London, Pfaffikon
(Switzerland), Chicago, New York, Paris, Singapore and Sydney. Man Group plc is
listed on the London Stock Exchange (EMG.L) and is a constituent of the FTSE 100
index. Further information on the Man Group can be found at www.mangroupplc.com.


                      This information is provided by RNS
            The company news service from the London Stock Exchange

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