Man Investments Canada Corp. today announced that it has assumed the role of the successor manager to Man Multi-Strategy (Canada) Fund from BluMont Capital Corp.

Man Multi-Strategy (Canada) Fund was previously known as the BluMont Man Multi-Strategy Fund until Nov. 29, 2006 when Man Investments Canada Corp. assumed management of the fund.

The fund is a multi-manager, multi-strategy fund of funds product that aims to deliver double digit annual returns, portfolio diversification through low correlation to traditional investments.

The fund is modeled upon the original Man Multi-Strategy Guaranteed Limited Fund which has a six-year proven track record with an annualized net return of 9.4% from July 15, 2000 through Oct. 31, 2006.

Man Multi-Strategy (Canada) Fund offers investors the potential for diversification by obtaining exposure to diverse and lowly correlated alternative investment strategies that can be categorized into six broad styles — managed futures, arbitrage, fund of hedge funds, equity hedge, long/short equities and directional.

Man Global Strategies, a UK-based division of Man Investments Ltd. and one of Man’s core managers, will continue to be responsible for the investment management of the portfolio. This division manages over US$15 billion globally.

“Given our commitment to this market and the recent opening of our Canadian office, it makes sense for our team to distribute and service this product directly to investment advisors” says Toreigh Stuart, CEO of Man Investments Canada Corp. “The availability of this investment vehicle is a significant piece of our overall plan to create local access to the types of products that have been extremely successful for the firm in other parts the world.”

Man Multi-Strategy (Canada) Fund is available to individual and institutional investors. Accredited investors can access the fund with a low investment minimum of $25,000.