Press release - Man Investments makes a strategic investment ...
Published on: Mar 4, 2016
Transcripts - Press release - Man Investments makes a strategic investment ...
21 July, 2009
MAN INVESTMENTS MAKES A STRATEGIC INVESTMENT IN 5:15 CAPITAL
MANAGEMENT’S FLAGSHIP PRODUCT
Man Investments has made a $50 million long-term investment in 5:15 Capital
Management’s flagship product through its Hedge Fund Ventures programme.
5:15 Capital Management, LLC (“5:15”) is a Greenwich, Connecticut based asset
management firm that employs global fixed-income arbitrage strategies with a macro
“5:15’s team, its strategy and its existing portfolio fit well with RMF Global Emerging
Managers’ continuing programme of investing in emerging fund managers,” said
Hans Hurschler, Head of Hedge Fund Ventures at Man. “We are happy to have
identified this promising new manager early in its development and we are confident
that 5:15 will provide superior returns for its investors.”
“Man is uniquely positioned to take advantage of the emergence of a new generation
of fund managers into a less crowded market, not only because it retains the capital
to invest in promising managers, but also because of its time-tested mechanism for
sharing profitability with managers,” said Mr Hurschler.
EG Fisher, Managing Partner and Portfolio Manager at 5:15, said, “Attracting Man
as a long-term investor brings more than just substantial investment capital, it
demonstrates their confidence in our ability to succeed in the fixed-income arbitrage
space. Man clearly sees the opportunity in investing in a firm in which its employees
have a long working history and solid record.”
5:15’s team has a long profitable record, having served as the core of Greenwich
Capital Markets’ respected and successful proprietary trading business and Brevan
Howard’s Connecticut office for the past 16 years. During this period they have
generated consistent positive returns without a down year and never had more than
three consecutive down months. The 8 seasoned team members have 127 years of
combined industry experience, 94 of which have been spent working together. The
portfolio managers will continue to employ the same global fixed-income interest rate
arbitrage strategies with a macro overlay at 5:15 as they have used in building their
16 year record1.
5:15 invests primarily in G7 Government Bonds and related highly liquid products with fully
transparent pricing. The liquid nature of the securities it trades allows 5:15 to offer monthly
liquidity to its investors.
5:15 employs a two pronged trading system; the first is an arbitrage approach whereby
discretionary trades are evaluated and structured via proprietary models to perform well in the
current global market. The second is a macro approach where the team’s arbitrage expertise is
leveraged to structure the trades such that their risk/return profiles are optimised. 5:15 attempts
to employ strict risk management controls, with the hope of producing stable absolute returns
with minimal volatility for its investors.
Man has invested in 5:15’s flagship fund through its RMF GEM product. Man’s interest in the
fund will entitle it to certain beneficial rights not available to other investors, except in certain
limited circumstances, including the ability to run shadow risk management and fund
administration systems, Most Favoured Nation status, and a share of the performance
Man will not be able to redeem its investment from 5:15’s fund until June 30, 2011, except in
certain limited circumstances.
For further information please contact:
Senior Communications Officer
+44 207 144 3886
+44 207 490 8062
Charlotte Rutherford Lee
+44 207 490 8062
Chief Financial Officer
5:15 Capital Management
+1 (203) 660-8645
Notes to editors
About Man Group
Man is a world-leading alternative investment management business. With a broad range of
funds for institutional and private investors globally, it is known for its performance, innovative
product design and investor service. Man’s funds under management at 30 June 2009 were
The original business was founded in 1783. Today, Man Group plc is listed on the London Stock
Exchange and is a member of the FTSE 100 Index with a market capitalisation of around £4
Man Group is a member of the Dow Jones Sustainability World Index and the FTSE4Good
Index. Man also supports many awards, charities and initiatives around the world, including
sponsorship of the Man Booker literary prizes. Further information can be found at
THERE IS NO GUARANTEE THAT THE INVESTMENT OBJECTIVE WILL BE ACHIEVED. MOREOVER, THE PAST
PERFORMANCE (IF ANY) OF THE SENIOR MANAGEMENT TEAM SHOULD NOT BE CONSTRUED AS AN INDICATOR OF
FUTURE PERFORMANCE. ANY PROJECTIONS, MARKET OUTLOOKS OR ESTIMATES IN THIS DOCUMENT ARE
FORWARD-LOOKING STATEMENTS AND ARE BASED UPON CERTAIN ASSUMPTIONS. OTHER EVENTS WHICH WERE NOT
TAKEN INTO ACCOUNT MAY OCCUR AND MAY SIGNIFICANTLY AFFECT THE RETURNS OR PERFORMANCE OF THE
FUND. ANY PROJECTIONS, OUTLOOKS OR ASSUMPTIONS SHOULD NOT BE CONSTRUED TO BE INDICATIVE OF THE
ACTUAL EVENTS WHICH WILL OCCUR.