does anyone here have investment in Man OM IP funds?
Man is only the top level manager.....
I do have money in several series, and I must say they have performed quite well (rather surprisingly some great performance in the past 6 months).
Several things you need to look into:
1. because of the multiple layers of management, you pay for quite a few people.
2. there is 2% exit fee if you need to exit early.
3. any fund that performed 11% gain in the past 6 months has to get a label of "that sounds too good to be true.....I wonder if....."
4. Depending on the "package" on offer at the time, you will get different underlying managers - the main ones being Glenwood, AHL and RMF. All of these are subsidiaries of Man Investments (from memory). Of these, I
think AHL is the only really computer based one (I think I read somewhere there's only like 30 employees). They also used to use Bayswater Asset Mgmt, but they were dropped after poor performance.
5. You can purchase AHL units directly (I have not gone down this path) - minimum purchase is $20k.
On the plus side:
1. capital protection offered by NAB or Westpac
2. my oldest invesment with them is 11 years old (they haven't gone bust, or got busted
)
3. liquidity is monthly, but good compared to products from MacQ and others. Have had one occasion to liquidate, and was processed without hassle.
4. exit fee is not payable if held to maturity
On a different note: the funds are domiciled in the Cook Islands. So far the islands have been stable....
Cheers,
The Y-man
