Products April 2, 2004
Man Group Introduces Hedge Fund for Tax-Exempt Investors
April 2, 2004 (PLANSPONSOR.com)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.
Reported by Alison Cooke
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.