MAIL.L Regulatory News (MAIL)

25 Jul 2006 17:15

Man Alternative Investments Ld25 July 2006 Man Alternative Investments Limited June 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 June 2006 ----------------Key Statistics---------------- ---------Total Return -3.7%Last Month -0.6%Last Quarter -0.6%Last 12 Months 13.3%Year to Date 5.4%---------------- ---------NAV per Share GBP 0.9627Total NAV GBP 31,768,360No. of Shares 33,000,000---------------- --------- Glenwood Portfolio June Commentary The Glenwood Portfolio recorded a loss, yielding negative returns for the secondconsecutive month. Equity markets experienced another volatile month asuncertainty over future interest rate movements mounted. The US dollarstrengthened throughout much of the period, while the Turkish lira and SouthAfrican rand suffered sharp reversals mid-month. Trading in the variable equitystrategy suffered losses. Notwithstanding modest gains in the healthcare sector,the style was undermined by a decline in consumer focused stocks. The majorityof losses borne by the style were by US focused strategies, whereas Asianfocused strategies recovered slightly on the back of rallying prices towardsmonth end. Performance by the multi-strategy style was positive, boosted byreturns from natural gas trading. However, modest losses on the back of eventsin the US offset some of the gains. Elsewhere, relative value approaches posteda close to flat return, making some profits on the back of higher equityvolatility. Key Strategies Contributions * Key Strategies Contributions *Commodity & Trading -0.16% Multi-Strategy 0.17%Equity Hedge -0.08% Relative Value 0.00%Event Driven 0.02% Variable Equity -0.31% This information is provided by RNS The company news service from the London Stock Exchange