MAIL.L Regulatory News (MAIL)

26 Oct 2005 12:30

Man Alternative Investments Ld26 October 2005 Man Alternative Investments Limited September 2005 Investment Objective Generate 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 30 September 2005 ------------------------ Key Statistics ---------------------------------------- ---------Total Return -11.6% Last Month 1.3%Last Quarter 4.0%Last 12 Months 9.0%Year to Date 5.5%---------------- ---------NAV per Share GBP 0.8837Total NAV GBP 29,161,584No. of Shares 33,000,000---------------- --------- Glenwood PortfolioSeptember Commentary The Glenwood Portfolio recorded a profit for the fifth consecutive month. Bondprices fell as market participants priced in heightened expectations of monetarytightening on fears that elevated energy prices may fuel inflation. US equityindices posted a slight gain or ended the period flat, while their globalcounterparts generated sound returns. In addition, the US dollar appreciatedagainst a broad basket of currencies as the Federal Reserve continued toincrease interest rates. Profits were captured from the multi-strategy,commodity & trading, variable equity, equity hedge and event driven styles whilethe relative value category finished the month with a close to flat return.Multi-strategy managers added to performance as convertible valuations continuedto rebound benefiting their holdings. Results from long/short equity, riskarbitrage and energy trades further lifted returns, although some lossessustained in company specific situations trimmed these sub-style gains. Withinthe variable equity style profits were returned from trades in the Japaneseequity markets as the re-election of Prime Minister Koizumi boosted localbourses while US focused biotech strategies also helped to increase returns. Key Strategies Contributions * Key Strategies Contributions * Commodity & Trading 0.28% Multi-Strategy 0.34%Equity Hedge 0.16% Relative Value 0.05%Event Driven 0.14% Variable Equity 0.24% This information is provided by RNS The company news service from the London Stock Exchange