The world’s largest asset manager,
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However, individuals are able to buy shares in exchange-traded companies, and a slew of closed-end companies and mutual funds, which individuals can invest in, use hedge fund-like techniques such as leverage and derivatives, to potentially enhance their return.
In September, shares in Man Dual Absolute Return Fund will be offered at $20 each, with a minimum order of 100 shares. Plans for the initial public offering were filed with the SEC last week.
Man didn’t mention how much money it was looking to raise. Similar funds listed in Europe have raked in as much as $2.15 billion, with most of the money coming from institutional investors.
The staff of Money Management Executive ("MME") has prepared these capsule summaries based on reports published by the news sources to which they are attributed. Those news sources are not associated with MME, and have not prepared, sponsored, endorsed, or approved these summaries.