ED&F Man launches second multi-strategy product

ED&F Man is set to launch a guaranteed multi-strategy hedge fund product, Man-Glenwood Select, the second to be released since its buyout of former joint-venture partner Glenwood in October 2000.

The first, Man-Glenwood Nexus, a multi-strategy product with a guarantee provided by Chase Manhattan, began trading in January 2001 with assets of around $90m.

The product is structured to target a diverse range of alternative investment strategies, including balanced equity strategies, long or short