MAIL.L Regulatory News (MAIL)

24 Nov 2005 16:45

Man Alternative Investments Ld24 November 2005 Man Alternative Investments Limited October 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 October 2005 ------------------------ Key Statistics ------------------------ ---------------- ---------Total Return -12.7% Last Month -1.2%Last Quarter 0.6%Last 12 Months 6.9%Year to Date 4.2%---------------- ---------NAV per Share GBP 0.8734Total NAV GBP 28,822,381No. of Shares 33,000,000---------------- --------- Glenwood PortfolioOctober CommentaryThe Glenwood Portfolio incurred a loss over the month as negative results wereposted by the variable equity, event driven and multi-strategy styles. Somelosses were recouped through profits secured by commodity and trading managers,while the equity hedge and relative value categories returned a close to flatperformance. Variable equity managers were impacted by the global decline inequities as European, Asian and emerging markets trades proved detrimental tothe portfolio. Rising interest rate expectations in the United States, andwaning consumer confidence did little to help investor sentiment. The adversetrading conditions also impacted event driven strategies, with the dramatic selloff in global energy prices particularly affecting managers with exposure to theNorwegian energy sector. The commodity & trading style captured a gain asdiscretionary and systematic traders enjoyed success in long dollar contractsand short global fixed income positions. Key Strategies Contributions * Key Strategies Contributions * Commodity & Trading 0.07% Multi-Strategy -0.10%Equity Hedge -0.03% Relative Value -0.01%Event Driven -0.26% Variable Equity -0.52% This information is provided by RNS The company news service from the London Stock Exchange