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Man Investments Australia
September 2010 valuations
Financial advisor use only
Man OM-IP funds performance

The Man OM-IP funds were relatively flat in September. As fears of a double dip recession eased and sentiment rebounded, risk-on themes generally proved profitable. However, these gains were offset by long positions in bonds and short-term interest rates.

In currencies, short US dollar positions accounted for the majority of returns after the US Federal Reserve indicated it was willing to further ease monetary policy in order to spur economic growth. Notable gains included long positions in commodity-linked currencies with long AUD versus USD being the stand out trade.

Metals generated a profit, led by gold and silver trading. Long exposure to precious metals secured gains as investors continued to demand their perceived 'safe-haven' status amid concerns over further 'quantative easing' activities in the US. Further gains were added by long exposures to industrial metals such as copper, with prices rising on increasing domestic demand in China.

Trading in agriculturals proved profitable. Long cotton trades drove returns as prices jumped to a 15 year high on supply concerns in India. Long exposure to corn also saw gains.

Bonds and short term interest rates suffered as investors sought riskier assets. Long European government bonds generated the largest losses as optimism over the economic outlook for the euro zone rose.

Losses were incurred by short energy and stock positions as prices rose as the US dollar weakened and the economic outlook improved.

The multi-manager business recorded positive performance for the month of September.

Man OM-IP 220 vs stock indices
1 August 1997 to 30 September 2010




Financial advisor use only.
Source Man Investments Australia Limited.
Note Performance figures are calculated net of all fees as at 30 September 2010. Past performance is not a reliable indicator of future performance.



The following chart highlights the contribution to performance of each sector traded within the AHL Diversified Program.

AHL Diversified Program - sector attribution
September 2010




Financial advisor use only.
Source Man Investments.
Note Performance figures are calculated net of all fees as at 30 September 2010. Past performance is not a reliable indicator of future performance.


AHL Diversified Program - sector attribution for the last 6 months
April 2010 to September 2010




Financial advisor use only.
Source Man Investments.
Note Performance figures are calculated net of all fees as at 30 September 2010. Past performance is not a reliable indicator of future performance.



Man OM-IP funds performance
Man Series 6 OM-IP 220: Election Notices due 12 November 2010
September 2010 Market Review
Man AHL Alpha (AUD)
September 2010 valuations
Man AHL Alpha (AUD)

Man AHL Gold (AUD)

Man RMF Dynamic

Man AHL Diversified (AUD)

Man Investments Australia

Telephone:
(61-2) 8259 9999
1800 222 355 (Australia)
0800 878 220 (New Zealand)

Fax:
(61-2) 9252 4453
0800 787 220 (New Zealand)

info@maninvestments.com.au
www.maninvestments.com.au

Man Series 6 OM-IP 220

Election Notices due 12 November 2010

Man Series 6 OM-IP 220 was launched in June 2001 and its original A$1.00 Share is now worth A$2.29*. During this time, Shareholders have also benefited from the security of the Westpac Guarantee which, after six increases, guarantees a minimum return of A$1.56 on maturity+.

Shares in Man Series 6 OM-IP 220 are due to mature on 31 December 2010. However, Shareholders must return their completed and signed Election Notices by Friday, 12 November 2010.

For more information on continuing an investment in Man Series 6 OM-IP 220, please contact Man Investments Australia or visit the website.

A September performance summary for Man Series 6 OM-IP 220 can also be downloaded.

There is also an opportunity to purchase existing Shares##. For more information, please follow this link.

September 2010 Market Review

Sam Yates discusses some of the major trends in the global economy and how AHL has performed in these conditions. AHL is a core investment of the Man OM-IP funds.

The Market Review examines the September quarter and the issues that have been driving the markets.





Market Review
 
Man AHL Alpha (AUD)

A world leading managed futures program with daily liquidity

Man AHL Alpha (AUD) is available on the following wrap platforms. Please contact each institution directly for full terms and conditions.

Wrap provider Investment Super/Pension
Asgard Mastertrust & eWrap
BT Wrap
Macquarie Wrap
MLC MasterKey Custom
CFS FirstWrap
Netwealth
AMP Wealthview & Personalised Portfolio Service
Hillross Portfolio Care & Definitive
FSP Portfolio Service


For more information, or to arrange an appointment to discuss Man AHL Alpha (AUD), please contact Man Investments Australia or visit the website www.maninvestments.com.au/manahlalpha.

 
September 2010 valuations

Product Ccy Inception Last
valued
Rising Guarantee++ Net Asset
Value
Man OM-IP 220 Ltd AUD Aug 97 30 Sep 10 $4.5987 $5.6568
Man Series 2 OM-IP 220 Ltd AUD Jan 98 30 Sep 10 $4.3027 $4.9100
Man Series 3 OM-IP 220 Ltd AUD Jul 98 30 Sep 10 $3.6965 $4.0773
Man Series 4 OM-IP 220 Ltd AUD Jun 00 30 Sep 10 $3.1606 $3.0755
Man Series 5 OM-IP 220 Ltd - Matured AUD Jan 01 30 Jun 09 Matured Matured^
Man Series 6 OM-IP 220 Ltd AUD Jun 01 30 Sep 10 $1.5605 $2.2921
Man Series 7 OM-IP 220 Ltd AUD Jun 02 30 Sep 10 $1.3901 $2.1016
Man Series 8 OM-IP 220 Ltd AUD Nov 02 30 Sep 10 $1.4330 $1.9173
Man Series 9 OM-IP 220 Ltd AUD Oct 03 30 Sep 10 $1.1810 $1.5580
Man Series 10 OM-IP 220 Ltd AUD May 05 30 Sep 10 $1.2155 $1.5691
Man Series 11 OM-IP 220 Ltd AUD Apr 06 30 Sep 10 $1.0105 $1.1834
Man Series 12 OM-IP 220 Ltd AUD Dec 07 30 Sep 10 $1.0000 $1.0219
Man OM-IP 220 2008 Ltd AUD Dec 08 30 Sep 10 $1.0000 $0.9741
Man OM-IP 320 Diversified Ltd AUD Dec 98 30 Sep 10 $2.0824 $1.6349
Man OM-IP Strategic Ltd AUD Aug 99 30 Sep 10 $2.6834 $2.2029
Man OM-IP Strategic Series 2 Ltd AUD Dec 99 30 Sep 10 $2.0970 $2.0672
Man OM-IP Hedge Plus Ltd AUD Jan 02 30 Sep 10 $1.2221 $1.4006
Man OM-IP 130 Plus Ltd AUD Jul 03 30 Sep 10 $1.5028 $1.4973
Man OM-IP 140 Plus Ltd NZD Aug 03 30 Sep 10 $1.6060 $1.6396
Man OM-IP 140 Plus (AUD) Ltd AUD Jun 04 30 Sep 10 $1.5879 $1.5280
Man OM-IP 150 Plus (NZD) Ltd NZD Jun 04 30 Sep 10 $1.7016 $1.6856
Man Series 2 OM-IP 150 Plus (NZD) Ltd NZD Aug 05 30 Sep 10 $1.5000 $1.3494
Man Series 2 OM-IP 140 Plus (AUD) Ltd AUD Aug 05 30 Sep 10 $1.4000 $1.2042
Man OM-IP MultiStrategy Ltd AUD Jan 04 30 Sep 10 $1.0661 $1.0344
Man OM-IP 15seven Ltd AUD Oct 04 30 Sep 10 $1.1030 $1.7075
Man Series 2 OM-IP 15seven Ltd AUD Dec 06 30 Sep 10 $1.0181 $1.2359
Man OM-IP Stratum Ltd AUD Dec 04 30 Sep 10 $1.0358 $1.2646
Man OM-IP 16eight Ltd AUD Dec 05 30 Sep 10 $1.0216 $1.3751
Man OM-IP Eclipse Ltd AUD Aug 06 30 Sep 10 $1.1210 $1.4007
Man OM-IP 2Eclipse Ltd AUD Apr 07 30 Sep 10 $1.0771 $1.2590
Man OM-IP 3Eclipse Ltd AUD Apr 08 30 Sep 10 $1.0000 $1.0057
Man OM-IP Eclipse 2010 Ltd AUD Apr 10 30 Sep 10 $1.0000 $1.0623
Man OM-IP Vision Ltd AUD Aug 07 30 Sep 10 $1.0000 $0.9902
Man OM-IP Essential Ltd AUD Aug 08 30 Sep 10 $1.0290 $1.1112
Man OM-IP AHL Ltd AUD Apr 09 30 Sep 10 $1.0000 $1.0560
Man OM-IP 2AHL Ltd AUD Jul 09 30 Sep 10 $1.0000 $1.0553
Man OM-IP 3AHL Ltd AUD Dec 09 30 Sep 10 $1.0000 $1.1056
Man OM-IP AHL 2010 Ltd AUD Aug 10 30 Sep 10 $1.0000 $1.0010


Rewards through experience
* Past performance is not a reliable indicator of future performance. Performance figures are calculated net of all fees as at 30 September 2010.
+ Subject to the terms of the New Westpac Guarantee set out in Appendix A of the Explanatory Memorandum.
## Subject to availability and applicable regulatory restrictions.
++ Subject to the terms of the guarantee for each fund.
^ Man Series 5 OM-IP 220 matured on 30 June 2009 with a Net Asset Value per Share of A$2.0837.

Man Series 6 OM-IP 220

Terms capitalised and used in this email have the same meaning as in the Explanatory Memorandum.

No money is currently being sought and no applications for continuing investments will be accepted or money received unless the Shareholder has received the Explanatory Memorandum. It is intended that the offer to Shareholders in New Zealand will be made under the Securities (Mutual Recognition of Securities Offerings Regime – Australia) Regulations 2008, subject to meeting the requirements of those regulations.

Man AHL Alpha (AUD)

Offers of Units will be made in the Product Disclosure Statement (PDS) dated 6 September 2010. Investors wishing to acquire Units will need to complete the Application Form attached to the PDS. Please also refer to the Identification Requirements document. The minimum investment is A$25,000.

Terms capitalised and used in this email have the same meaning as in the PDS. This information has been prepared without taking into account anyone's objectives, financial situation or needs. Persons considering investing in Man AHL Alpha (AUD) should carefully read all of the PDS and seek independent financial advice before making an investment decision. US Persons are not eligible to subscribe for Units pursuant to the PDS.

This email is published by Man Investments Australia Limited (ABN 47 002 747 480) and is prepared for your internal use only and must not be forwarded or passed to any third party without the prior written consent of Man Investments Australia Limited.

If you do not wish to receive any further commercial electronic messages from us, please forward this email to unsubscribe@maninvestments.com.au with the word "unsubscribe" in the subject heading or contact us by telephone on (61-2) 8259 9999.