Hedge fund distributor iPerformance Fund Inc. is reporting that its wholly owned subsidiary, iPerformance Fund Corp. and Man Investment Products Inc., the U.S. member of the asset management division of London-based Man Group plc, have formed a strategic alliance to market and distribute co-branded retail alternative investment products in Canada.

Under the terms of the strategic alliance, iPerform intends to offer Canadian versions of Man’s successful structured products, including the Man IP 220 Series. MIP 220 provides investors access to two of Man’s most successful investment approaches — the Man-Glenwood Portfolio which specializes in fund-of-funds products and the Man-AHL Diversified Programme. This alliance will also allow the two firms to design new structured products specifically for Canadian investors.

Man is one of the world’s largest international alternative investment managers with assets under management of approximately US$21 billion as at June 30, 2002 and has been at the forefront of the alternative investment industry since 1983.

“We are extremely excited about our alliance with Man USA and the products we can develop together for Canadian investors as a result” said Toreigh Stuart, president and CEO of iPerform, in a news release

“Canada is a large and sophisticated market and we are excited to offer Man’s products and services to Canadian investors,” said John Kelly, president of Man Investment Products Inc.