26 Sep 2005 17:00
Man Alternative Investments Ld26 September 2005 Man Alternative Investments Limited August 2005 Investment ObjectiveGenerate strong and consistent capital growth over the long-term in sterlingterms with low volatility by allocating assets to managers who trade indiversified markets implementing a broad range of fundamental, technical,systematic and discretionary strategies. Track Record: From inception on 24 May 2001 to 31 August 2005 Key Statistics ------------------------ Total Return -12.7% Last Month 0.5%Last Quarter 4.7%Last 12 Months 8.7%Year to Date 4.1%---------------- --------- NAV per Share GBP 0.8726Total NAV GBP 28,794,600 No. of Shares 33,000,000---------------- --------- Glenwood PortfolioA gain was recorded by the Glenwood Portfolio in August. Leading US equityindices ended the month lower as Hurricane Katrina depressed expectations for USgrowth, while the US dollar fell towards the end of the period in response toreduced expectations of monetary tightening from the Federal Reserve. The eventdriven style posted the strongest contribution as the distressed sub-strategycapitalised on favourable conditions in credit markets. In addition, healthylevels of corporate activity in Europe further lifted returns while exposure toEuropean and Asian energy complexes also proved beneficial to performance. Themulti-strategy category also generated profits, driven by a continued rebound inconvertible valuations, and supported by performance across a broad number ofthe underlying strategies. However, the commodity & trading style struggled dueto losses in fixed income and currency positions, with trend followingstrategies suffering from a number of market reversals including a spike inenergy commodities at the end of the month. Key Strategies Contributions * Key Strategies Contributions * Commodity & Trading -0.19% Multi-Strategy 0.24%Equity Hedge 0.10% Relative Value 0.03%Event Driven 0.36% Variable Equity 0.09% This information is provided by RNS The company news service from the London Stock Exchange