MAIL.L Regulatory News (MAIL)

2 Aug 2005 11:00

Man Alternative Investments Ld02 August 2005 Man Alternative Investments Limited June 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 June 2005 ------------------------Key Statistics------------------------ ---------------- ---------Total Return -15.1% Last Month 1.9%Last Quarter 0.9%Last 12 Months 4.2%Year to Date 1.4%---------------- ---------NAV per Share GBP 0.8495Total NAV GBP 28,033,910 No. of Shares 33,000,000---------------- --------- Glenwood Portfolio The Glenwood Portfolio yielded positive returns as a number of global equityindices appreciated over the month. Within the Eurozone stock markets rose asthe outlook for companies' earnings improved on the back of a weaker Euro, withindices in Japan also witnessing gains. Overcoming disappointing US economicdata the Dollar rose strongly against a number of currencies, in part due to theFederal Reserve's sustained confidence in continued economic growth, while arise in interest rates at the end of the month further increased the interestrate differential between the US and Europe. Variable equity managers provedparticularly profitable, with further gains posted by the multi-strategy, eventdriven, equity hedge and commodity & trading styles. Both the variable equityand equity hedge styles were able to capitalise on the strong global equitymarkets, while exposure to technology and consumer sectors within the US furtherbolstered returns. Equity based strategies also benefited as European marketsended the month higher. Multi-strategy managers benefited from a rebound inconvertible valuations and event driven managers also enjoyed positiveperformance amid healthy M&A activity as several notable deals were announced,including Bank of America's acquisition of MBNA. Key Strategies Contributions * Key Strategies Contributions * Commodity & Trading 0.22% Multi-Strategy 0.29%Equity Hedge 0.24% Relative Value -0.01%Event Driven 0.28% Variable Equity 0.49% This information is provided by RNS The company news service from the London Stock Exchange