Man has record launch

Man Investments, formerly known as Man Investment Products, has closed the launch of the Man Multi-Strategy Series 5, according to industry sources. The fund is Man's first in the multi-strategy category to carry both income and capital bonds. The income bond carries a coupon, which pays 2% annually for the first four years, while the capital bond gives the investor no coupon but higher target returns. The income bonds will target annualised returns of around 14% with an annualised v…