TORONTO, ONTARIO--(Marketwired - Dec. 6, 2013) - Man Investments Canada Corp. (the "Manager"), the manager of the Man Canada AHL DP Investment Fund (the "Fund"), announces that the Fund has filed a final prospectus with the securities regulatory authorities of each of the Canadian provinces and territories for an offering of Class A Units, Class B Units, Class F Units, Class H Units, Class L Units and Class M Units of the Fund.
The Fund's investment objective is to provide holders of units of the Fund with the opportunity to realize capital appreciation through investment returns that have a low correlation to traditional forms of stock and bond securities. The Fund is intended to provide added diversification and enhance the risk/reward profile of conventional investment portfolios.
The Fund obtains exposure to the returns of a diversified portfolio of financial instruments across a range of global markets including, without limitation, stocks, bonds, currencies, short-term interest rates, energy, metals and agricultural commodities (the "Underlying Assets") managed by AHL Partners LLP using a predominantly trend-following trading program called the AHL Diversified Programme. In managing the Underlying Assets, the Investment Manager may employ the AHL Evolution Programme (the "AHL Evolution Programme"). The AHL Evolution Programme trades in a number of markets not traditionally accessed by the AHL Diversified Programme. These markets may be accessed directly or indirectly and include, without limitation, credit indices, cash bonds, interest rate swaps, electricity and emerging market currencies and stock indices.
Man AHL DP Limited, an exempted company with limited liability incorporated in the Cayman Islands, will acquire and maintain the Underlying Assets. The return to the Fund will be based on the performance of Man AHL DP Limited, which, in turn, will be based on the performance of the Underlying Assets.
The Fund previously obtained exposure, through one or more forward agreements (the "Forward Agreements"), to a portfolio of underlying assets managed in accordance with the same investment objectives, restrictions and strategies as those of Man AHL DP Limited. The character conversion measure announced in the Federal Government's Economic Action Plan 2013 effectively prevents investment funds, including the Fund, from increasing the notional amount of existing derivative forward agreements, including the Forward Agreements, after March 20, 2013, which would be required if additional units of the Fund were issued. The Fund will settle the Forward Agreements through which it previously obtained exposure to the portfolio of underlying assets. Following the settlement, the Fund will use the proceeds realized by the Fund on the settlement of the Forward Agreements, to purchase and hold securities of Man AHL DP Limited and will not obtain exposure to the securities of either Man AHL DP Limited or the Underlying Assets through a forward agreement or other specified derivative.
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 at September 30, 2013, Man managed US$52.5 billion.
The original business was founded in 1783. Today, Man is listed on the London Stock Exchange and is a member of the FTSE 250 Index.
Man is a signatory to the United Nations Principles for Responsible Investment (PRI) and 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 sponsoring the Man Booker literary prizes and the Man Asian Literary Prize. Further information can be found at www.man.com.
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.
The offering is only made by prospectus. The prospectus contains important detailed information about the securities being offered. Investors should obtain a prospectus and read it carefully before making an investment decision. This investment may not be suitable for all investors. Commissions, trailing commissions, management fees and expenses all may be associated with this investment. An investment in the Fund is not guaranteed, its value changes frequently and past performance may not be repeated.