Man Group, the UK-based alternative management specialist, has launched a new offshore registered capital-guaranteed bond for private invest...

Man Group, the UK-based alternative management specialist, has launched a new offshore registered capital-guaranteed bond for private investors. The Man AP Enhanced Series 2 is to be sold to private investors internationally and is based on the returns of Man’s AHL hedge fund, which trades a number of stock index, bond, interest rate, metals and energy futures contracts around the globe. Man is charging a fee of 3 per cent and performance fees of up to 20 per cent. The bond is available in either euros or dollars, with principal protection of 115 per cent and 120 per cent respectively. The instrument also has a profit lock-in feature which has the potential to increase the guaranteed amount at maturity. The bond, which is guaranteed by Citibank NA London branch, part of US investment bank Citigroup, can be redeemed monthly and will mature on March 31, 2018.