23 Jun 2006 17:15
Man Alternative Investments Ld23 June 2006 Man Alternative Investments Limited May 2006-------------------------------------------------------------------------------- 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 31 May 2006 Key Statistics ---------Total Return -3.1%Last Month -1.9%Last Quarter 1.5%Last 12 Months 16.2%Year to Date 6.1%---------------- ---------NAV per Share GBP 0.9688Total NAV GBP 31,969,611No. of Shares 33,000,000---------------- --------- Glenwood Portfolio May Commentary The Glenwood Portfolio posted a loss over the month after six months of positiveperformance. Equity markets endured a volatile month with concerns over theglobal economy weighing on investor sentiment. Emerging market indices sufferedtheir worst losing streak since 1998 while indices in Europe and North Americaalso declined sharply. Trading in the variable equity style was difficult amidthe sell off in global equity markets. The majority of which were borne bystrategies highly influenced by long biased equity exposures. Emerging marketsalso experienced falls due to concern over abnormally high price surges andrising volatility within commodity markets. Further gains were eroded by thecommodity & trading style. The correlated reversal in global equities,commodities and emerging markets impacted on performance, causing a downwardspiral for the style. Elsewhere, positions taken by the relative value strategyrecorded a small profit benefiting from increasing equity volatility and stablecredit markets. Key Strategies Contributions * Key Strategies Contributions *Commodity & Trading -0.46% Multi-Strategy -0.43%Equity Hedge -0.27% Relative Value +0.02%Event Driven -0.12% Variable Equity -0.64% This information is provided by RNS The company news service from the London Stock Exchange