MAIL.L Regulatory News (MAIL)

8 Jan 2007 17:10

Man Alternative Investments Ld08 January 2007 Man Alternative Investments Limited November 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 30 November 2006 Key Statistics------------------------ ------------------------ ---------Total Return -1.4 %Last Month 1.3 %Last Quarter 1.9 %Last 12 Months 10.6 %Year to Date 7.9 %---------------- ---------NAV per Share GBP 0.9858Total NAV GBP 32,531,355No. of Shares 33,000,000---------------- --------- Glenwood Portfolio November Commentary The Glenwood portfolio posted a solid gain with all styles contributingpositively. The US dollar experienced a broad sell-off during November. USequity markets continued their upward trend, while European and Japaneseequities closed fairly flat. The commodity & trading style posted a strongreturn as commodities were buoyed by the weakness in the US dollar, benefitinglong positions in energy, industrial and precious metals. Further gains weregenerated as many of the major currencies experienced range breakouts, boostingprofits for trend following managers. Both equity hedge and variable equitymanagers enjoyed gains as net long exposures, especially in the US, droveprofits. Within variable equity, strong gains were realised from positions insteel, homebuilders and airline sectors. Within equity hedge, positivecontributions came from healthcare, technology and telecommunications. Eventdriven managers enjoyed a positive month due mainly to a surge in M&A activitywithin the mining and airline sectors. The relative value style posted a smallgain as credit markets enjoyed favourable conditions and several managersbenefited from bond holdings within the auto and healthcare sectors. Themulti-strategy style generated a slightly positive return as managers were ableto benefit from exposure to natural resource themes and other idiosyncraticpositions. Key Strategies Contributions * Key Strategies Contributions *Commodity & Trading 0.51 % Multi-Strategy 0.07 %Equity Hedge 0.29 % Relative Value 0.02 %Event Driven 0.37 % Variable Equity 0.45 % This information is provided by RNS The company news service from the London Stock Exchange