Eight years after the Man Group struck gold in Hong Kong with the Man AHL Diversified Futures Fund, the U.K. hedge fund giant is back, hoping for a repeat performance with its first guaranteed Hong Kong futures and options fund. The new fund, Man AHL Guaranteed Futures Ltd., aims to please the locals who have a hankering for alternative investments. As an approved fund by Hong Kong regulators for retail investors, it has a minimum investment of only US$5,000 and no entry fee, though it has a 3% and 20% management and performance fee, respectively. The especially good news for investors in the new fund is the guarantee that it will get back at least 90% of its initial investment, courtesy of HSBC, by the time the fund matures in five years. But if the newbie does as well as its older brother, which has annualized returns of 13.8% with US$600 AUM, investors will likely have nothing to worry about. Man’s Matthew Dillon, who manages the Asia-Pacific region, told Reuters, “We fully expect to deliver double-digit returns.”
