Man Investments (USA) LLC serves as the fund’s investment adviser and is part of Man’s Multi-Manager Business which has approximately $12.7 billion in funds under management globally as of September 30, 2011.
The announcement said the Man Long Short Fund, available only to the high net worth clients of the top-tier broker dealers and advisers with an investment minimum of $50,000, provides a transparent and liquid way to access up to 30 leading long/short equity managers in a diversified portfolio. The fund will allocate to managers in the U.S., Europe, Asia, and Emerging Markets. Investors will receive scheduled monthly liquidity and 1099 tax reporting. The Board of Trustees does not currently intend to undertake a holdback on tenders.
Man believes the potential downside protection exhibited by long/ short equity strategies is the key to their return profile and the basis through which these disciplines can offer more positive risk-adjusted returns relative to traditional long-only equity strategies.To view the fund’s prospectus and learn more about long/short equity investing and the Man Long Short Fund, visit http://www.manlongshortfund.com.