News Round Up: December 19

Investment ends on a highpoint; After acquisition, new fund launch from Man; AIA scoops Deal of the Year award.

Monday, December 20th 2010, 7:13AM

Investment ends on a highpoint
The Macquarie Highpoint Trust has provided New Zealand investors with increases of 60-70% on their initial investment over a seven year period.

"We are delighted to have been able to provide Macquarie Private Wealth's clients and other New Zealand investors with such an increase in their initial investment," said head of Private Wealth New Zealand, Ian Witters.

"During what has been a challenging time in markets across the world, the structure of the Highpoint Trust has proved to be beneficial for investors. It allowed them to lock in gains close to the top of the UK and US markets between 2003 and 2007, with the locked in gains helping to shield them from the low points we have seen during recent turbulent years."

The Trust, which matured at the end of November, provided investors with growth from the UK FTSE 100 and the US S&P 500, while also offering capital protection at maturity.

After acquisition, new fund launch from Man
Man Group, which recently acquired award winning global investment manager GLG, is to launch the next Man OM-IP fund which will be open from February 21, 2011 to April 21, 2011.

The fund will feature AHL and GLG and be similar in structure to Man's 220 funds and will feature a capital guarantee and rising guarantee.

AIA scoops Deal of the Year award
AII Group has been awarded the Best IPO and Deal of the Year by leading financial news website Finance Asia.

"What impressed us by the AIA IPO was its ability to achieve a slightly higher valuation than Prudential's revised bid just five months earlier and the fact that it successfully turned its stalled growth in recent years into an intriguing - and sought after - turnaround story," Finance Asia said.

"In our mind the best IPO of the year also deserves the accolade as the top transaction in the region."

AIA chief executive Mark Tucker praised his staff for their role, saying they deserved full credit for their professionalism, commitment, energy, dedication and patience.

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