Next Edge AHL Fund

July 22, 2014 17:11 ET

Next Edge AHL Fund Files Amended and Restated Prospectus

TORONTO, ONTARIO--(Marketwired - July 22, 2014) - Next Edge Capital Corp. (formerly, Man Investments Canada Corp.) (the "Manager"), the manager of the Next Edge AHL Fund (formerly, Man Canada AHL DP Investment Fund) (the "Fund"), announces that the Fund has filed an amended and restated prospectus (the "Amended and Restated Prospectus"), with the securities regulatory authority of each of the Canadian provinces and territories and obtained a receipt therefor with respect to the offering of Class A Units, Class F Units, Class H Units, Class J Units, Class K 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.

The Amended and Restated Prospectus, amending and restating the prospectus of the Fund dated December 3, 2013, was filed in order to reflect the following changes in respect of the Fund:

  • As a result of the previously announced spin-out of the Manager by Man Group plc to management, the name of the Fund changed from "Man Canada AHL DP Investment Fund" to "Next Edge AHL Fund".
  • As a result of the change of control of the Manager, the disclosure regarding the Manager and the directors and officers of the Manager was updated in the Amended and Restated Prospectus.
  • The number of classes of units of the Fund was decreased to 10 classes. Specifically, Class O Units, Class P Units, Class Q Units, Class R Units and Class T Units of the Fund shall no longer be issued and shall be re-designated as follows:
NEXT EDGE AHL FUND
Existing Class New Class
Class O Units Class A Units
Class P Units Class B Units
Class Q Units Class C Units
Class R Units Class F Units
Class T Units Class G Units
  • At the time of the filing of the Amended and Restated Prospectus there were no Class I Units and Class U Units issued or outstanding and it was determined by the Manager that the Class I Units and Class U Units shall no longer be issued.
  • As a result of the expiration of the redemption fee schedule for Class D Units and Class S Units on March 31, 2014, Class D Units and Class S Units shall no longer be issued and shall be re-designated as Class A Units of the Fund.
  • The Class J Units and Class K Units of the Fund have been re-designated as Canadian dollar denominated classes of units. These classes of units were previously denominated in U.S. dollars. At the time of the filing of the Amended and Restated Prospectus there were no Class J Units or Class K Units issued or outstanding.

Man AHL DP Limited ("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 AHL DP Limited, which, in turn, will be based on the performance of the Underlying Assets. The return to the holders of Class A Units, Class F Units, Class H Units, Class J Units, Class K Units, Class L Units and Class M Units of the Fund is referable to the Class A CAD Shares issued by AHL DP Limited.

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.

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