Hedge-fund manager MAN eyes individuals

Anglo-Swiss financial group MAN, one of the largest hedge fund management companies in the world, has recently released its latest alternative investment product, MAN RMF Multi-Style. The product, the minimum subscription limit of which is 50,000 dollars or euros, seeks to provide a 13%-15% annual yield, considering the interest of the banking deposits is 2%-3% a year. When launching the new product (the third released by MAN on the Romanian market for that matter), Swiss Investment Board Romania (SIBR) – the company that represents MAN in Romania, also announced a change in share promotion strategy. “Nearly nine months from the first subscriptions by Romanian investors we will try a slightly different approach from what we used last year. The most pleasant surprise for us was the appetite of the sophisticated private investors for this type of product, unlike the strong inertia of the institutional investors. Once the Man RMF Multi-Style launched, we will stress on attracting wealthy private clients to these products. It’s very obvious it’s still people that move the market in Romania and not the institutions,” Eros Grandi, SIBR chairman told Ziarul Financiar. ZF