Man Multi-Strategy
Man Multi-Strategy is an actively managed, in-house multi-asset approach that selectively allocates to and trades a diversified portfolio of Man’s high-calibre investment strategies.
- Managed by a dedicated and experienced portfolio management team led by David Kingsley.
- Provides access to one of the industry’s broadest and most sought after single strategy platforms
- Absolute returns sought through gaining exposure to alternative risk factors with minimal correlation to equity markets and low volatility
- A dynamic approach to capital allocation aims to capitalise on prevailing market/sector conditions
- Real-time, position based risk transparency greatly facilitates calibration of risk exposures
- Single layer of management and performance fees
Approach
The portfolio management team leverages Man’s extensive investment expertise across both quantitative (Man AHL and Man Numeric) and discretionary (Man GLG) investment management.
David Kingsley, Senior Portfolio Manager of Man Solutions, is responsible for making asset allocation decisions. He is supported by Neil Mason, Senior MD at Man GLG, who provides day-to-day risk oversight on the discretionary trading and overlay hedging strategies within the portfolio.
The core investment principles of the Strategy are:
- Opportunity set - invests across a broad range of investment styles, asset classes, geographic regions, and market instruments
- Investment selection - capital is allocated to a focussed portfolio of differentiated investment strategies so as to capitalise on prevailing market and sector opportunities while increasing overall diversification
- Dynamic asset allocation - risk capital is judiciously divided between three core portfolio components: 'Equity Long-Short' strategies (30-80%), 'Risk-Seeking' strategies (30-60%) and 'Diversifying' strategies (5-30%).
Equity Long-Short strategies are the core allocation of the portfolio and typically comprise specialist equity strategies with a low directional bias, whilst Risk-Seeking strategies include more opportunistic strategies such as emerging markets, credit and long-biased. Diversifying strategies have a low correlation to both traditional assets and other hedge fund strategies, and typically consist of global macro and managed futures.
Allocations to these components are based on a number of macro/micro inputs and capital is dynamically shifted between them in order to capitalise on prevailing market/sector conditions.
| Approach | Alternative |
| Asset Class | Multi-Asset |
| Geographic Focus | Global |
Performance
4.7%
1.9%
8.8%
14.5%
25.0%
137.1%
Performance by calendar years
6.1%
-0.1%
6.1%
3.3%
5.1%
As at 31 May 2024
Inception date 31 December 2002
Past performance is not indicative of future results. Returns may increase or decrease as a result of currency fluctuations.
Please note that the performance data is not intended to represent actual past or simulated past performance of an investment product. The data is calculated in USD and is based on a representative investment product or products that follow the strategy. Performance data in the composite is reflective of being net of institutional fees and the underlying funds fees. Potential investors should be aware that the management fee payable to the Manager may be in addition to the management fee paid to it in its capacity as investment manager of the underlying funds and that there may be a duplication of fees. The representative aggregate management fee for this strategy is currently between 1% and 2% and 20% performance fee.
Investment Solutions
Man offers a comprehensive suite of investment solutions and formats that can be tailored and optimised to meet specific client needs.
Our investment solutions offer optionality including: liquidity, control, investment restrictions, investor customisations and transparency.
UCITS
Alternative investment funds
US 40 ACT
Regional funds
Separate accounts
Advisory mandates
Managed accounts
Access to investment products and mandate solutions are subject applicable laws and regulations including selling restrictions and licensing requirements. Investment solutions listed above may not be compatible for all investment strategies and may be subject to minimum subscription requirements. Regional Funds: In additions to UCITS and AIFs registered across the EEA, a number of investment strategies are available in vehicles registered in Chile, Netherlands, Hong Kong, Japan, Singapore, South Korea and Switzerland.
Considerations
One should carefully consider the risks associated with investing, whether the strategy suits your investment requirements and whether you have sufficient resources to bear any losses which may result from an investment:
Investment Objective Risk - There is no guarantee that the Strategy will achieve its investment objective.
Market Risk - The Strategy is subject to normal market fluctuations and the risks associated with investing in international securities markets and therefore the value of your investment and the income from it may rise as well as fall and you may not get back the amount originally invested.
Counterparty Risk - The Strategy will be exposed to credit risk on counterparties with which it trades in relation to on-exchange traded instruments such as futures and options and where applicable, ‘over-the- counter’("OTC","non-exchange") transactions. OTC instruments may also be less liquid and are not afforded the same protections that may apply to participants trading instruments on an organised exchange.
Currency Risk - The value of investments designated in another currency may rise and fall due to exchange rate fluctuations. Adverse movements in currency exchange rates may result in a decrease in return and a loss of capital. It may not be possible or practicable to successfully hedge against the currency risk exposure in all circumstances.
Liquidity Risk - The Strategy may make investments or hold trading positions in markets that are volatile and which may become illiquid. Timely and cost efficient sale of trading positions can be impaired by decreased trading volume and/or increased price volatility..
Financial Derivatives - The Strategy will invest financial derivative instruments ("FDI") (instruments whose prices are dependent on one or more underlying asset) to achieve its investment objective. The use of FDI involves additional risks such as high sensitivity to price movements of the asset on which it is based. The extensive use of FDI may significantly multiply the gains or losses.
Leverage - The Strategy's use of FDI may result in increased leverage which may lead to significant losses.
Emerging Markets - The Strategy may invest a significant proportion of its assets in securities with exposure to emerging markets which involve additional risks relating to matters such as the illiquidity of securities and the potentially volatile nature of markets not typically associated with investing in other more established economies or markets.
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