Product Launch

RNS Number:9610T
Man Group plc
07 January 2004


Man Group plc


7 January 2004

Man Group raises US$625 million in latest product launch

Man Group plc, the global provider of alternative investment products and
futures broker, today announces that its most recent launch Man Multi-Strategy
Series 6 Ltd ('Series 6') has raised the equivalent of US$625 million of client
money.

Series 6 was a global offering in two currency classes, Euros and US dollars.
The product's portfolio will comprise allocations to a diverse range of
quantitative and qualitative investment strategies that may be classified into
five style categories: arbitrage, equity hedge, fund of hedge funds, long/short
equities and managed futures. 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, provided by ABN AMRO Bank N.V.

Stanley Fink, Chief Executive of the Man Group plc, today said:

'The Man Multi-Strategy product family has enjoyed considerable success and has
become one of the most sought after product structures offered by Man. By
incorporating 120% capital guarantees into an already attractive investment
opportunity, Man has once again demonstrated its ability and commitment to
providing investors with innovative alternative investment products.'

The responsibility for the construction and management of Series 6 lies with Man
Global Strategies, a division of Man Investments. Man Global Strategies selects
managers offering a sustainable competitive advantage and the potential to add
value to its style portfolios. It strives to establish close associations with
the managers by forming joint ventures and affiliations. The performance
potential of Series 6 is highlighted by the first product in the Man Multi-
Strategy family, Man Multi-Strategy Guaranteed Limited. As at 30 November 2003,
it had generated annualised returns of 12.3% whilst restricting the annualised
volatility to 11.6% since its inception on 15 July 2000. This is particularly
impressive compared to the annualised performance of world stocks -7.9% and
world bonds 9.7% over the same period.

The next global launch will be Man RMF Multi-Style Ltd, which will be open for
investment on 9 February 2004. This product will target medium-term annualised
growth of around 13-15% for an annualised volatility of around 7-9% for both USD
and EUR class bonds while the CHF class bonds will target annualised growth of
around 12-14% for annualised volatility of around 6-8%.


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 Multi-Strategy Series 6 Ltd closed on 15 December 2003 and
is expected to start making initial investments from the middle of January.
Series 6 provides investors with another opportunity to access Man's successful
multi-strategy/multi-adviser investment approach. Series 6 provides investors
access to the Man Multi-Strategy portfolio and was offered in both EUR and USD
classes. It will target similar risk-adjusted returns to previous products in
the Man multi-strategy family (annualised return potential of around 15-17% for
an annualised volatility of around 10-12%). Series 6 will also enjoy the benefit
of capital guarantees provided by ABN AMRO Bank N.V., which ensure investors the
return of at least 120% of their initial investment at maturity on 31 August
2016 as well as a profit lock-in feature. Series 6 provides investors with
access to a diversified portfolio of investment strategies implemented by a
number of carefully selected advisers. The ability of the Man Multi-Strategy
portfolio to generate returns and protect investors' capital during difficult
market conditions for traditional assets has been highlighted by the performance
of Man Multi-Strategy Guaranteed Limited, the first product in the family.



The ABN AMRO group is a global banking group offering a wide range of commercial
and investment banking products and services on a worldwide basis through its
network of approximately 3,000 branches in more than 60 countries. The ABN AMRO
group ranks 11th in Europe and 23rd in the world based on tier 1 capital and had
total assets of EUR 601 billion at 30 September 2003.


About Man RMF Multi-Style Ltd

Man RMF Multi-Style is an innovative structured product developed by Man
Investments which provides access to RMF's superior investment selection
expertise and excellent asset allocation and risk management skills. The product
carries the added benefits of Man Investments' strong structuring capabilities -
it offers increased investment exposure, principal protection and a profit
lock-in feature. The investment objective of Man RMF Multi-Style is to deliver
an attractive level of absolute returns with controlled risk. The USD-Class
Bonds and EUR-Class Bonds will both target annualised growth of around 13-15%
for annualised volatility of 7-9%, while the CHF-Class Bonds will target
annualised growth of around 12-14% for annualised volatility of around 6-8% over
the medium-term.

The Man RMF Multi-Style portfolio will initially comprise allocations to five
complementary hedge fund styles - equity hedged, event driven, global macro,
managed futures and relative value. Across these five styles, allocations will
be made to a diversified range of quantitative and qualitative hedge fund
strategies implemented by leading managers chosen by RMF, one of Man
Investments' core managers. RMF will focus on identifying successful hedge fund
managers; understanding the return drivers of different styles and strategies;
dynamically managing portfolio allocations based on in-depth analysis of the
market environment and managing risk. RMF will combine its expertise in these
areas and make style and strategy allocation shifts within a disciplined
framework in order to take advantage of periods when performance prospects are
favourable for particular styles and strategies.

About Man Investments

Man Investments, the Asset Management division, is a global leader in the fast
growing alternative investments industry. It provides innovative products and
tailor-made solutions to private and institutional investors. Through its core
investment managers - AHL, RMF, Glenwood and Man Global Strategies - Man has
succeeded in developing leadership in hedge funds and has interests in other
asset classes. In its core hedge fund asset class, Man offers funds of hedge
funds, structured, style and single manager products. Its track record stretches
back two decades and defines the standard for excellence in an industry whose
central goal is to provide diversification away from traditional equity and bond
investments. Man has a powerful global presence and an extensive network of
distribution partners. 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

Source: Man Database and Standard & Poor's Micropal
Past and projected performance is not necessarily a guide to future results.
World Stocks: MSCI World Stock Index (Total return)
World Bonds: Citigroup World Government Bond Index (Total Return)

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