The IPO for the Man Dual Absolute Return Fund, which would invest in long/short equity strategy and a managed futures trading program, had been due to go ahead in September.
However, according to a Reuters report, the firms which would be managing the strategies have since posted significant losses - a development which is thought likely to prompt a delay.
Tykhe Capital, which was to manage the fund's long/short equity strategy has been hit with losses of 20 per cent, an unnamed source told the Wall Street Journal this week.
Meanwhile, the firm which was to have overseen the managed futures program, Man AHL Diversified Futures, is down 3.5 per cent in July.
Up to 85 per cent of the funding raising was to be designated for Tykhe and the remainder was earmarked for AHL.