Securities Law & Instruments

Headnote

Clause 213(3)(b) of the Loan and Trust Corporations Act -- application by manager, with prior track record acting as trustee, for approval to act as trustee of pooled funds and future pooled funds to be managed by the applicant and offered pursuant to a prospectus exemption.

Statutes Cited:

Loan and Trust Corporations Act, R.S.O. 1990, c. L.25, as am., s. 213(3)(b).

April 16, 2010

McMillan LLP
Brookfield Place
181 Bay Street
Suite 4400
Toronto, ON M5J 2T3

Attention: Jason A. Chertin

Dear Sirs/Mesdames:

Re:
Man Investments Canada Corp. (the "Applicant")
Application pursuant to clause 213(3)(b) of the Loan and Trust Corporations Act (Ontario) for approval to act as trustee
 
Application No. 2010/0203

Further to your application dated March 18, 2010 (the "Application") filed on behalf of the Applicant, and based on the facts set out in the Application and the representation by the Applicant that the assets of Man Canada Alternative Strategies Fund (the "New Fund"), AHL Diversified (Canada) Fund, Man Canada Investment Strategies Fund and Man Glenwood Focus (MC) Fund (the "Existing Funds") and such other funds as the Applicant may establish and manage from time to time (the "Future Funds") will be held in the custody of a trust company incorporated and licensed or registered under the laws of Canada or a jurisdiction, or a bank listed in Schedule I, II or III of the Bank Act (Canada), or an affiliate of such bank or trust company, the Ontario Securities Commission (the "Commission") makes the following order.

Pursuant to the authority conferred on the Commission in clause 213(3)(b) of the Loan and Trust Corporations Act (Ontario), the Commission approves the proposal that the Applicant act as trustee of the New Fund, the Existing Funds and the Future Funds, the securities of which will be offered pursuant to a prospectus exemption.

Yours truly,

"Margot C. Howard"

"James D. Carnwath"