Man has record launch

Man Investments closes a structured product after raising a record amount.

Man Investments, formerly known as Man Investment Products, has closed the launch of the Man Multi-Strategy Series 5, according to industry sources. The fund is Man's first in the multi-strategy category to carry both income and capital bonds.

The income bond carries a coupon, which pays 2% annually for the first four years, while the capital bond gives the investor no coupon but higher target returns. The income bonds will target annualised returns of around 14% with an...

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