MAIL.L Regulatory News (MAIL)

26 Jan 2006 17:00

Man Alternative Investments Ld26 January 2006 Man Alternative Investments Limited December 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 December 2005 ------------------------ Key Statistics ------------------------ ---------------- ---------Total Return -8.7% Last Month 2.5%Last Quarter 3.4%Last 12 Months 9.0%Year to Date 9.0%---------------- ---------NAV per Share GBP 0.9134Total NAV GBP 30,141,446No. of Shares 33,000,000---------------- --------- Glenwood PortfolioDecember CommentaryResults from the Glenwood Portfolio were positive as the event driven, variableequity, commodity & trading, multi-strategy and equity hedge style posted aprofit and the relative value finished flat. Having registered strong gains overthe year, equity indices continued to rally in December enabling the eventdriven category to profit from contracts in commodity linked equities and metalssectors while an exposure to emerging markets boosted returns. Investorsconcentrated on demand and benign inflation levels, ignoring rising interestrates and higher energy prices. The variable equity style proved beneficial tothe product as strong performance from the biotech sector, the announcement ofan acquisition and strong earnings in the healthcare market added to profits.Gains were generated from contracts on Asian and European bourses while tradesin emerging markets lifted the style higher. Finally, within the commodity &trading style managers succeeded in generating fruitful returns from sugar, basemetals and energy markets. Key Strategies Contributions * Key Strategies Contributions * Commodity & Trading +0.44% Multi-Strategy +0.38%Equity Hedge +0.20% Relative Value +0.00%Event Driven +0.50% Variable Equity +0.63% This information is provided by RNS The company news service from the London Stock Exchange