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Opalesque Exclusive: Man Investments Australia launches institutional portable alpha product Man Investments Australia and nabCapital have just announced the launch of a new ‘portable alpha’ product to provide a stable, alpha driven investment for institutional investors.

Man RMF Bond Index Plus (AUD) [‘the Fund’] is designed to outperform the UBS Composite Bond Index [‘the benchmark’] by 200-400 basis points per annum. The Fund uses the benchmark to generate the bond market return (beta) and invests in the RMF Pure Alpha Strategies fund to generate uncorrelated, consistent excess returns (alpha) in both rising and falling markets.

Portable alpha is a structured investment approach designed to transfer the excess return of one investment (alpha) to the performance of another. In effect, the investment manager generates the alpha through a fund of hedge funds and 'ports' it on to the performance of another investment, the benchmark… This new ‘portable alpha’ product is available to institutional investors from 1 May 2008. Information: Linda Callaghan, Man Investments Australia, Tel: + 61 2 8259 9926 - Anna Burrows, nabCapital, Tel: +61 2 9237 9458. Further information on Man Investments Australia can be found at Source

Australian lawyer points finger at hedge funds in Opes Prime account debacle From Business Spectator: High-profile Sydney lawyer Chris Murphy has p......................

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