UK hedge fund company Man Group has launched a new futures and options product aimed at retail investors in Hong Kong in an effort to tap an increasing demand there for alternative investment products.
The Man AHL Guaranteed Futures Ltd Fund will invest in more than 100 futures and options markets globally using a computer-driven quantitative trading system that is run by AHL, one of Man Group’s four core asset management units.
The trading programme uses signals from computer models to buy or sell currencies, short-term interest rates, metal and energy contracts, bonds and stock indexes.
The product is the first of its type to be authorised by Hong Kong regulators and retail investors can invest as little as $5,000. It will charge a 3% management fee and a 20% performance fee that hedge funds typically charge.