Man Group Plc, the world’s largest publicly traded hedge-fund manager, is for the first time marketing to individual investors in Singapore a fund which uses computer programs to identify trades in futures markets.
Singapore investors can put a minimum of S$20,000 ($15,503) in Man AHL Trend, Bloomberg reports.
Man Group says it spent three years discussing the fund with Singapore’s regulator, and is looking at ways it can market it in Malaysia and other countries in the region.
Let’s hope for the sake of everyone, that this doesn’t turn out to be another DBS HN; minibonds; and Merrill Lynch Jubilee and Morgan Stanley Pinnacle notes. I am always concerned when complicated products are retailed to the unwashed masses.