Man Group Introduces Hedge Fund for Tax-Exempt Investors

April 2, 2004 (—Man Group launched a fund of hedge funds directed at U.S.-based tax exempt investors, such as pension plans, foundations and endowments, Reuters reported.

Clients must invest with a minimum of $25,000 in the Man-Glenwood Lexington TEI, LLC fund, which will invest in a blend of different hedge fund strategies.

Man Group, the world’s largest listed hedge fund manager, created the fund as part of an effort to increase its presence in the  U.S., according to Reuters.