UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K

þ Annual Report Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

For the Fiscal Year Ended: March 31, ~~2007~~2009

¨ Transition Report Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Commission File Number: 333-126172

Man-AHL 130, LLC

(Exact name of registrant as specified in its charter)

Delaware		84-1676365
(State or other jurisdiction of		(I.R.S. Employer
incorporation or organization)		Identification No.)

c/o MAN INVESTMENTS (USA) CORP.

123 North Wacker Drive, 28th Floor

Chicago, Illinois 60606

(Address of principal executive offices)

Registrant’s telephone number, including area code: (312) 881-6800

Securities registered pursuant to Section 12(b) of the Act: None

Securities registered pursuant to Section 12(g) of the Act: ~~None~~ Class A and Class B Units of Limited Liability Company Interest

(Title of Class)

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes [ ] No [X ]

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes [ ] No [X ]

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [X] No [ ]

Indicate by check mark ifwhether ~~disclosure~~the ofregistrant ~~delinquent~~has ~~filers~~submitted ~~pursuant~~electronically toand ~~Item~~posted ~~405 of~~on ~~Regulation~~its ~~S-K~~corporate isWeb ~~not~~site, ~~contained~~if ~~herein~~any, ~~and~~every ~~will~~Interactive ~~not~~Data beFile ~~contained,~~required to ~~the best~~be ofsubmitted ~~registrant's~~and ~~knowledge,~~posted inpursuant ~~definitive~~to ~~proxy~~Rule or405 ~~information~~of ~~statements incorporation~~Regulation byS-T ~~reference~~(§232.405 inof ~~Part~~this chapter) ~~III~~during ofthe ~~this~~preceding ~~Form~~12 ~~10-K~~months (or ~~any~~for ~~amendment~~such toshorter period that the ~~this~~registrant ~~Form~~was ~~10-K~~required to submit and post such files). Yes [ ] No [X ]

Indicate by check mark ~~whether~~if ~~the~~disclosure ~~registrant~~of isdelinquent afilers ~~large~~pursuant ~~accelerated~~to ~~filer,~~Item an405 of ~~accelerated~~Regulation ~~filer,~~S-K or(§229.405 aof ~~non-accelerated~~this ~~filer. See~~chapter) ~~definition~~is ~~of “accelerated~~not ~~filer~~contained herein, and ~~large~~will ~~accelerated~~not be ~~filer”~~contained, into ~~Rule~~the ~~12b-2~~best of ~~the~~registrant’s ~~Exchange Act. (Check~~knowledge, ~~one): Large~~in ~~accelerated~~definitive ~~filer [ ] Accelerated~~proxy ~~Filer~~or ~~[ ] Non~~information statements incorporated by reference in Part III of this Form 10-~~accelerated~~K ~~filer~~or any amendment to this Form 10-K. [X]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definition of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer [ ] Accelerated Filer [ ]

Non-accelerated filer [ ] Smaller reporting company [X]

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes [ ] No [ X ]

State the aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrant’s most recently completed second fiscal quarter.

Not applicable.

Documents Incorporated by Reference

~~None~~The report of Deloitte & Touche and the financial statements of the Registrant for the year ended March 31, 2009, which constitutes the Registrant’s annual report to its Unitholders are included herewith as exhibit 13.01 and are incorporated by reference into Item 8 of this Annual Report on Form 10-K.

PART I

Item 1. Business

(a) General development of business

Man-AHL 130, LLC (“Man-AHL 130”) is a Delaware limited liability company organized April 14, 2005, pursuant to a Certificate of Formation filed with the Secretary of State of the State of Delaware under the Delaware Limited Liability Company Act, to engage in speculative trading in the futures, options and forward markets under the direction of Man-AHL (USA) Limited, a registered commodity trading advisor (“AHL”), and to invest a limited amount of its capital in Man-Glenwood Lexington, LLC and Man-Glenwood Lexington TEI, LLC (collectively, the “Man-Glenwood Funds”), registered investment companies managed by Glenwood Capital Investments, L.L.C., which, in turn, invest, indirectly, in a portfolio of private investment funds. On June 28, 2005, Man-AHL 130 filed a registration statement under the Securities Act of 1933 with the Securities and Exchange Commission (“SEC”), which registration statement was subsequently amended. The registration statement became effective February 1, 2007 and registered 1,000,000 units of limited liability company interest, divided equally between two classes (the “Units”),. Class toA beUnits sold at an initial offering price of $100 per Unit ~~through~~during the initial offering period ended March 30, 2007. The ~~for~~initial offering price of Class AB Units ~~and~~at ~~through~~the ~~June~~end of the initial Class B offering period ending March 31, 2008 was arbitrarily 29set at the Net Asset Value of the Class A Units as of March 31, 2008. A ~~2007~~total ~~for~~of $17,140,816 of Class A Units and $13,917,548 of Class B Units ~~(subject~~have been sold to ~~extension~~the ~~until~~public ~~September~~as 28of March 31, 2009. The Net Asset Value of a Class A Series 1 Unit originally sold for $112.32 as of July 1, 2007) and a Class A Series 2 Unit originally sold for $100 as of March 30, 2007 were $131.50 and $134.39, respectively, as of March 31, ~~thereafter~~2009. The Net Asset Value of a Class B Series 1 Unit originally sold for $131.84 as of April 1, at2008 ~~their~~and ~~net~~a ~~asset~~Class ~~value~~B Series 2 Unit originally sold for $133.07 as of April 1, 2008 were $131.94 and $134.84, respectively, as of March 31, 2009. ~~These~~Class ~~two~~A ~~classes~~and Class B Units are ~~designed~~offered at the beginning of toeach ~~have~~month ~~virtually~~based ~~identical~~on ~~trading~~their ~~and~~Net ~~investment~~Asset ~~portfolios~~Value, as of the end of the previous month. Class A Units are offered only to taxable investors, while the Class B Units are offered only to tax-exempt investors. AsWithin ofeach Class, ~~March~~Units 31are issued in two separate Series. Class A Series 1 and Class B Series 1 Units are subject to a 1.25% annual Client Servicing Fee, whereas ~~2007~~Class A Series 2 and Class B Series 2 Units are not subject to a Client Servicing Fee. However, the two Classes and their respective Series are designed to have virtually identical trading and investment portfolios. Man-AHL 130 ~~had~~began ~~not~~trading ~~commenced~~on ~~operations~~April 2, 2007. The Units are offered through a number of registered broker-dealer selling agents, including Man Investments Inc., on a best efforts basis. The amount of capital raised for Man-AHL 130 ~~should~~does not have a significant impact on its operations, as Man-AHL 130 has no significant capital expenditure or working capital requirements other than to pay trading losses, brokerage fees and charges.

Man Investments (USA) Corp. (the “Managing Member”), a Delaware corporation, is the managing member of Man-AHL 130. The Managing Member invested $10,000 in Man-AHL 130 as a “seed capital” investment in conjunction with the formation of Man-AHL 130 and subsequently purchased Class A Series 2 Units as an initial contribution in an amount equal to $15 million as of March 30, 2007. The Managing Member, AHL, Glenwood Capital Investments, L.L.C. (“Glenwood”), ~~Man~~to ~~Investments~~be ~~Inc.~~renamed (Man Investments” (USA) LLC effective July 1, 2009) and Man ~~Financial~~Investments Inc. ~~and Man Financial Limited~~ (~~together,~~ “Man ~~Financial~~Investments”)~~, Man-AHL~~ ~~130’s futures clearing broker and foreign exchange clearing broker, respectively,~~ are affiliates of Man Group plc, a public company listed on the London Stock Exchange (collectively, the “Man Group”).

(b) Financial information about industry segments

Man-AHL 130’s business constitutes only one segment, i.e., a speculative commodity pool. Man-AHL 130 does not engage in sales of goods and services. Financial information regarding Man-AHL 130’s business is set forth in Item 6 “Selected Financial Data” and in Man-AHL 130’s Financial Statements ~~included~~incorporated ininto Item 8 hereof and attached as Exhibit 13.01 hereto.

Man-AHL 130 is a speculative and leveraged managed futures fund which ~~will~~trades ~~trade~~ pursuant to the AHL Diversified Program (the “AHL Diversified Program”), with the objective of seeking medium- to long-term capital appreciation. The AHL Diversified Program is a global managed futures program directed on behalf of Man-AHL 130 by AHL~~. Although managed futures funds typically hold all of their capital in reserve to cover trading losses and margin their open futures and forward positions~~, ~~Man-AHL 130~~ ~~maintains approximately 70% of~~ its ~~capital~~affiliate ~~in cash~~ (and ~~cash~~an ~~equivalents and invests~~affiliate ~~the remainder~~ of ~~its~~the ~~capital~~Managing —Member) ~~approximately 30% — in the~~ Man~~-Glenwood~~ ~~Funds,~~Investments ~~multi-strategy,~~Limited multi-manager funds of funds which emphasize efficient allocation of investor capital among hedge funds and other pooled investment vehicles with a range of investment strategies, managed by independent investment managers (“~~Sub-Funds~~MIL”)~~. The 30% investment in the Man-Glenwood Funds will be made by investing approximately 30% of Class A capital in Man-Glenwood Lexington~~, ~~LLC~~a ~~and~~company ~~30%~~organized ofunder ~~Class~~the Blaws ~~capital in Class A units~~ of ~~Man-Glenwood~~the ~~Lexington TEI, LLC~~United Kingdom. ~~The~~Prior ~~Man-Glenwood~~to ~~Funds,~~April ~~in turn~~21, ~~allocate their capital~~2008, ~~through an investment in~~ Man-~~Glenwood~~AHL ~~Lexington Associates~~130 ~~Portfolio,~~conducted ~~LLC,~~its ~~a registered investment company serving as a master~~foreign ~~investment vehicle (the “Portfolio Company”), to a portfolio of private investment funds.~~

currency forward trading through MF Global UK Limited and subsequent to April 21, 2008, engaged MIL to implement the foreign currency forwards trading component of the AHL Diversified Program at no additional cost to Man-AHL 130. The personnel of MIL responsible for implementing the foreign currency forwards trading component of the AHL Diversified Program on behalf of Man-AHL 130 are the same as those of AHL who implement the AHL Diversified Program. AHL and MIL are collectively referred to as AHL in this Annual Report on Form 10-K.

Although managed futures funds typically hold all of their capital in reserve to cover trading losses and margin their open futures and forward positions, Man-AHL 130 maintains approximately 70% of its capital in cash and cash equivalents and invests the remainder of its capital — approximately 30% — in the Man-Glenwood Funds, multi-strategy, multi-manager funds of funds which emphasize efficient allocation of investor capital among hedge funds and other pooled investment vehicles with a range of investment strategies, managed by independent investment managers (“Sub-Funds”). The 30% investment in the Man-Glenwood Funds is made by investing approximately 30% of Class A capital in Man-Glenwood Lexington, LLC and 30% of Class B capital in Class A units of Man-Glenwood Lexington TEI, LLC. The Man-Glenwood Funds, in turn, allocate their capital, through an investment in Man-Glenwood Lexington Associates Portfolio, LLC, a registered investment company serving as a master investment vehicle (the “Portfolio Company”), to a portfolio of private investment funds.

The AHL Diversified Program is a global managed futures trading program that is systematic (i.e., the AHL traders’ market judgment has little to do with AHL’s trading), primarily technical (i.e., focusing on market prices rather than attempting to analyze fundamental economic data as a means of predicting prices) and primarily trend-following (i.e., attempting to identify price trends and taking positions in direct response to such trends). While AHL’s trading systems themselves are continuously being developed and/or adapted, the AHL trading approach leaves little room for discretionary decision-making by the AHL traders — perhaps the most important subjective judgment they make is whether to execute trades as a single order or as a series of different trades.

The AHL Diversified Program is quantitative and primarily directional (i.e., it employs statistical models of market behavior in seeking to identify and take advantage of upward and downward price trends in the commodities markets). Trading takes place 24 hours per day and real-time price information is used to respond to price moves across a diverse range of approximately 34 exchanges in 100 different global markets encompassing stock indices, bonds, currencies, short-term interest rates, metals, energies and soft commodities. The AHL Diversified Program ~~invests~~may invest in a diversified portfolio of futures, options and forward contracts, swaps and other financial derivative instruments both on and off exchange. ~~These markets may be accessed directly or indirectly.~~

In addition to sector and market diversification, the AHL Diversified Program seeks to achieve diversification by combining various systems driven by computerized processes or trading algorithms, which sample prices in real-time and measure price momentum and breakouts spread over the approximately 100 markets traded. The trading algorithms seek to initiate positions in trending markets and close out positions when a high probability exists of a different trend developing, although the AHL Diversified Program may include algorithmic systems based on certain forms of quantitative fundamental data such as interest-rate data. For diversification, the AHL Diversified Program deploys investment capital across the full range of sectors and markets. Factors determining asset allocation weightings to different sectors and markets are market and sector correlations, expected returns, market access costs and market liquidity.

Market volatility is one widely accepted indication of risk. The AHL systems are designed to reduce the exposure of an account, such as Man-AHL 130, to a market as its volatility — and, accordingly, risk — increases. The AHL Diversified Program systems, as applied, are intended to target defined volatility levels rather than returns, assisted by computer-supported analytical instruments and real-time risk control and management information systems.

The AHL Diversified Program uses margin and considerable leverage to reach model allocations. Although there is no limit to the amount of leverage the AHL Diversified Program may employ, it will typically hold futures positions with a face amount equal to approximately 300% to 800% of Man-AHL 130’s Net Asset Value and typically employs 12% to 18% of an account’s ~~nominal~~notional value (i.e., trading level) to margin such positions.

The central investment philosophy is that markets are characterized by real and often fairly persistent pricing irregularities that are neither the result of random behavior nor the outcome of perfectly informed or rational decisions by market participants. Powerful computerized processes or trading algorithms are used to sample prices in real-time, seeking to identify and exploit the existence of price trends. The core trend-following strategies include trading approaches which are intended to close out positions once a trend is completed and there is a high probability of a different trend developing.

These strategies combine multiple signal generators based on various time frames, ranging from two to three days to several months. AHL operates a number of different trend-following models. These vary in terms of the data they include in attempting to identify price trends (e.g., six-week moving average prices, daily clearing prices for the last six months, intra-day highs and lows) as well as in the criteria which they apply in identifying whether a price trend has been determined.

In most of the instruments in which Man-AHL 130 trades, AHL ~~will~~applies ~~apply~~ more than one of ~~its~~ its price trend-following identification models. The number of ~~different~~ different models applied to a particular market may depend upon how liquid the ~~market~~ market is. In instruments such as US Treasury bond futures, AHL can ~~apply~~ apply multiple models and allocate evenly between high turnover, short-term ~~trend~~ trend models and longer-term trend models. In certain markets, on the ~~other~~ other hand, the liquidity (and hence the availability of positions) is ~~significantly~~ significantly more limited so that AHL is more likely to follow longer-term ~~trend~~ trend models. Markets with higher liquidity and lower access costs ~~can~~ can support higher trading frequencies and may receive greater allocation ~~weightings~~ weightings in the portfolio. The core trend-following component is ~~complemented~~ complemented by proprietary strategies that seek to capture profits from the relative pricing of related positions rather than absolute price movements.

All the strategies and systems of the AHL Diversified Program are designed to target defined volatility levels rather than returns, and the investment process is underpinned by computer-supported analytical instruments and disciplined real-time risk and management information systems. A proprietary risk measurement method similar to the industry standard “value-at-risk” helps ensure that the rule-based decisions that drive the investment process remain within predefined risk parameters. Margin-to-equity ratios are monitored daily, and the level of exposure in each market is quantifiable at any time and is adjusted in accordance with market volatility. Market correlation is closely monitored to prevent over-concentration of risk and ensure optimal portfolio weightings. Market liquidity is examined with the objective of ensuring that Man-AHL 130 will be able to initiate and close out trades as indicated by AHL’s systems at market prices, while brokerage selection and trade execution are continually monitored with the objective of ensuring quality market access.

Refinements to the AHL Diversified Program since its development include the introduction of market volatility controls, an increase in the number and diversity of markets, the introduction of 24-hour trading and systems differentiation to include strategies that complement the main trend-following trading algorithms.

AHL may continue to increase the number and diversity of markets and instruments traded directly or indirectly by the AHL Diversified Program.

The Managing Member ~~will~~invests ~~invest~~ approximately 30% of Man-AHL 130’s capital in the Man-Glenwood Funds, each a registered investment company, multi-strategy, multi-manager fund of funds which emphasizes efficient allocation of investor capital among hedge funds and other pooled investment vehicles with a range of investment strategies, managed by independent investment managers. Historically, the AHL Diversified Program has required only approximately 10% to 20% of an account’s capital to margin the full positions which the AHL Diversified Program acquires for an account with 100% of such capital. These low margin requirements (typical of many managed futures programs) make possible Man-AHL 130’s investment of 30% of its capital in the Man-Glenwood Funds. The capital represented by such investment would otherwise be held in reserve cash and cash equivalents in order to cover losses in the AHL Diversified Program. The following are general descriptions of certain principal investment strategies represented in the Man-Glenwood Funds’ investment portfolio.

Equity Hedge. Equity hedge is characterized by ~~investment~~ managers investing in ~~domestic~~U.S. and international equity markets ~~while hedging overall~~ ~~equity~~with ~~market~~a ~~risk~~strong ~~by,~~commitment ~~for example, taking short positions in the applicable stock index. By attempting~~ to ~~neutralize~~running ~~the~~portfolios ~~effects of general equity market increases or declines~~ on a ~~fund’s~~highly ~~portfolio,~~hedged ~~these traders focus~~basis. ~~either~~Portfolios onmay ~~individual~~be ~~stocks~~run oreither on ~~the~~a ~~relative~~purely ~~values~~balanced ofexposure ~~stocks of different but related issuers. Returns can be driven by fundamental~~ or ~~quantitative security selection, both~~ within ~~sectors~~tight ~~or across sectors. However,~~bands ~~the~~of ~~portfolio~~net ~~is constructed so as to substantially eliminate~~ exposure to ~~general~~ ~~equity market price movements as opposed to~~ the ~~price~~equity ~~movements~~markets ~~of individual stocks~~traded. ~~For~~In ~~example~~addition, ~~if the Dow Jones Industrial Average~~some ~~declines~~portion ~~10%~~of ~~while~~equity ~~Ford~~hedge ~~Motor~~managers ~~Company~~may ~~stocks~~run ~~declined~~short only ~~9%,~~or anshort ~~equity hedge~~biased ~~manager~~exposures. Returns ~~would~~can ~~hope to~~ be ~~able~~driven ~~to recognize the 1% profit on the outperformance of Ford, while avoiding the 10% losses incurred~~ by ~~the market as a whole.~~

Multi-Strategy. Investment managers in this style take a multi-disciplinary approach to trading in various markets, including equities, bonds, derivatives and commodities. Strategies may include, but are not limited to, relative value, event-driven, equity hedge and commodity and trading strategies.

Event-Driven. Investment managers within the event-driven strategy focus on corporate events such as bankruptcies, mergers, reorganizations, spin-offs, restructurings and changes in senior management that have the potential to significantly change the future prospects, and the future valuation, of a company.

Major strategies within the event-driven area are: (i) distressed securities; and (ii) mergers and reorganizations (risk arbitrage). Investing in distressed securities typically involves buying or selling short securities of companies that are in or facing bankruptcy, reorganization or other distressed situations. Mergers and reorganizations strategies typically involve buying or selling short securities of target and acquiring companies, respectively, in anticipation of a merger transaction. In each case, the outcome of the financial restructuring, merger, etc. is expected materially to affect the value of the positions acquired. These strategies are typically subject to major losses if the anticipated “event” is not consummated.

~~Relative~~fundamental ~~Value. These~~or ~~investment~~quantitative ~~managers~~security ~~attempt~~selection, ~~to exploit~~both ~~mispricings~~ within ~~different securities of either the same issuer~~ or ~~of issuers~~ ~~with~~across ~~similar~~sectors, ~~fundamental~~but ~~characteristics. This~~without ~~strategy often~~a ~~involves~~significant ~~attempting~~beta toexposure ~~exploit~~in the ~~value of the option component embedded in certain securities, particularly convertible bonds~~portfolio. ~~Typical strategies~~ ~~include~~As ~~convertible~~a ~~bond arbitrage~~result, ~~credit~~with ~~arbitrage~~the ~~and~~exception ~~derivatives~~of ~~arbitrage. By~~short ~~“arbitrage”~~only ~~what~~or isshort ~~meant~~biased ~~is that these strategies seek to profit from relative mispricings between~~exposures, ~~for~~net ~~example,~~long aor ~~convertible~~short ~~bond~~market exposure ~~and the~~generally ~~common stock into which it~~ is ~~convertible,~~not ~~the~~a ~~subordinated~~driver ~~and senior debt~~ of ~~the same or related issuer or the equity options and underlying equity of the same or related issuers~~returns.

~~Variable~~The ~~Equity. These~~managers ~~investment~~that ~~managers~~are ~~invest~~selected in ~~domestic~~this ~~and international~~sector ~~equity~~must ~~markets. These~~be ~~managers~~highly ~~will~~skilled ~~generally~~with ~~take~~respect to ~~positions~~security ~~both~~selection, ~~based~~but onalso ~~issuer-specific~~possess ~~factors,~~strong ~~and~~portfolio somanagement asskills toin ~~reflect the~~order ~~manager’s~~to ~~opinions~~reduce asor tomitigate the ~~likely~~impact ~~movements~~ of ~~the~~sector, ~~market~~style asor ~~a whole. Returns~~other ~~are~~systematic ~~driven~~factors byon returns. ~~the~~These ~~individual~~managers ~~stock~~typically ~~selection~~use ~~skills, following~~low ~~either~~to ~~fundamental~~moderate orleverage ~~quantitative~~in ~~selection~~terms ~~criteria~~of gross exposure, ~~along~~and ~~with the ability~~tend to ~~identify~~focus ~~shifts~~on inhighly ~~market~~liquid ~~direction~~markets.

~~Commodity~~Risk in ~~and~~this ~~Trading. Commodity~~sector ~~trading~~is ~~seeks~~often tocharacterized ~~generate profits~~ by ~~trading~~ inperiods ~~markets~~of ~~other~~underperformance ~~than~~in ~~equities~~highly directional and~~/or~~ ~~bonds. Commodity trading strategies can be purely model~~momentum-driven ~~(based~~markets. onThese ~~systems~~managers ~~which~~tend ~~analyze~~to experience ~~historical~~sustained ~~price~~periods ~~patterns~~of ~~and~~underperformance ~~information),~~when ~~fundamentally-driven~~there ~~(based~~is ~~on the manager’s~~little ~~analysis~~price ofdifferentiation on ~~underlying~~either ~~economic~~the ~~factors)~~short or athe ~~combination~~long side of the ~~two. Many~~ ~~futures~~market ~~trading~~and ~~strategies~~when ~~attempt~~market activity tends to ~~identify~~be ~~price~~dominated ~~trends and~~by ~~movements~~beta ~~rather~~or ~~than~~momentum towithin ~~profit~~the ~~from~~market ~~identifying relative mispricings~~itself.

Event-Driven. The ~~Managing~~event ~~Member~~driven ~~will~~style ~~receive~~includes amanagers ~~management~~capitalizing ~~fee~~on ofopportunities ~~1/12 of 0.75% of the Net Asset~~in ~~Value~~significant ofcorporate ~~all outstanding Units at each month-end (a 0~~events.~~75%~~ ~~annual~~Sometimes ~~rate), calculated~~referred ~~monthly and paid quarterly in arrears. For managing Man-AHL 130’s assets pursuant~~ to ~~the~~as ~~AHL~~corporate ~~Diversified Program~~lifecycle investing, ~~Man-AHL~~these ~~(USA) Limited~~events ~~will~~can ~~receive~~include a ~~management~~wide ~~fee~~variety of ~~1/6~~corporate ofactivities ~~1% of the month-end notional~~that ~~value~~are oftypically ~~Man-AHL 130’s AHL account~~ (athough 2%not ~~annual rate~~always) –centered ~~approximately~~on ~~equal~~changes ~~to Man-AHL~~in ~~130’s Net Asset Value – calculated and paid as of~~ the ~~end~~balance ~~of each~~sheet, ~~calendar~~capital ~~month~~structure ~~and~~or aownership ~~monthly incentive fee~~ of ~~20%~~a ofcompany. ~~any~~The ~~“new~~common ~~net~~theme ~~profit” attributable to Man-AHL 130’s AHL account (the capital attributable to both Classes~~ of ~~Units~~this ~~will be traded in the same AHL account). “New net~~strategy ~~profit”~~ is that the ~~increase~~event inchanges the ~~month-end~~actual ~~net~~or ~~asset~~perceived value of ~~the~~a ~~AHL account (after deduction of monthly management fees, expenses and brokerage commissions and excluding net interest income) over the account~~company’s ~~highest net asset value as~~ ~~of the end of any preceding month~~securities, ~~adjusted~~creating opportunity for ~~capital~~astute ~~contributions~~ and ~~withdrawals,~~ orspecialized ~~the commencement of trading~~investors. ~~Man-AHL~~ ~~130’s investment~~Examples inof ~~the~~such ~~Man-Glenwood~~events ~~Funds~~would isbe: (i) ~~subject~~mergers toand ~~annual~~acquisitions; ~~management,~~(ii) ~~investor servicing~~spinoffs and/or ~~administrative~~divestitures ~~fees~~of ~~and~~divisions ~~expenses~~or ~~equal~~subsidiaries; toand ~~approximately~~(iii) 3%recapitalization ~~per annum of~~or ~~the aggregate~~changes ~~value of Man-AHL 130’s investment~~ in ~~the~~balance ~~Man-Glenwood~~sheet ~~Funds, calculated~~structure ~~monthly~~through ~~and~~actions ~~paid~~such ~~quarterly. The~~as: ~~investment~~(a) ~~managers of the~~increasing ~~Sub-Funds~~leverage ~~generally~~through ~~charge~~increased ~~their Sub-Funds a management fee~~dividends, ~~generally~~share ~~ranging from~~buybacks 1%or toincreased ~~2% annually of the net assets under their management (including~~borrowings; ~~Man-AHL~~(b) ~~130’s~~decreasing ~~investment~~leverage ~~indirectly~~ through ~~the~~equity ~~Portfolio~~issuance ~~Company), and some~~ or ~~all~~ ofdebt ~~the~~paydown; ~~Sub-Fund~~(c) ~~managers~~entry ~~will receive performance or incentive allocations~~into ~~generally~~bankruptcy; ~~expected~~(d) toexit ~~range~~ from ~~15%~~bankruptcy: ~~to 25% of net profits annually or quarterly, although on occasion these fees~~ and~~/or~~ ~~allocations~~(e) ~~may be higher~~others.

~~Man-AHL 130’s~~The ~~organizational and initial offering costs were paid by the Managing~~style ~~Member,~~consists orof antwo ~~affiliate,~~strategies: ~~without~~special ~~reimbursement~~situations ~~from Man-AHL 130 or its Unitholders. Man-AHL 130 will pay the routine costs of executing~~ and ~~clearing~~ ~~Man~~multi-~~AHL 130’s trades, administrative expenses, including costs incurred~~strategy ~~in connection with the continuing offering of Man-AHL 130’s Units, and any extraordinary expenses which it may incur~~event.

~~Man-AHL~~The ~~130~~special ~~has~~situations ~~entered~~strategy ~~into~~includes antwo ~~administration~~main ~~agreement~~groups ~~with~~of ~~SEI Global Services, Inc~~managers.~~, an~~ ~~independent~~The ~~third~~first ~~party~~is passive ~~administrator~~event ~~(the~~generalist ~~“Administrator”)~~managers, towho ~~provide various~~will ~~services~~capitalize ~~(such~~on asopportunities ~~administration~~in mergers, ~~accounting~~acquisitions, ~~valuation~~spinoffs, ~~tax~~divestitures, ~~reporting~~ recapitalizations and, ~~investor~~in ~~services)~~some cases, atthe ~~competitive~~(debt ~~rates. Total~~or ~~administrative expenses~~equity) securities of ~~Man-AHL~~bankrupt, ~~130~~near inbankrupt, ~~excess~~or post-bankruptcy ofcompanies. ~~1/12~~The ofsecond ~~0.50%~~is ofactivist ~~each~~managers, ~~month-end~~who ~~Net~~try ~~Asset~~to influence ~~Value~~the ~~(approximately~~value ~~0.50%~~ of ~~Net~~their ~~Asset~~investments ~~Value~~by ~~per~~taking ~~annum)~~large ~~during~~stakes ~~the~~in ~~first~~companies 24and ~~months~~attempting ~~following~~to ~~the~~persuade ~~commencement~~managements, boards of ~~Man-AHL~~directors ~~130’s~~and ~~operations~~shareholders ~~will~~to implement bespecific ~~paid~~actions. byIn many cases, or ~~reimbursed~~the toactions ~~Man-AHL~~that ~~130~~activist ~~by,~~managers advocate are the ~~Managing~~same ~~Member~~corporate orevents ~~an affiliate. Thereafter,~~that ~~expenses~~attract inother ~~excess~~event-driven ofmanagers to ~~such~~the 0situation.~~50%~~ ~~per~~In ~~annum level~~addition, ~~will~~some beactivist ~~payable~~managers bymay ~~Man-AHL~~advocate ~~130~~operational, rather ~~but~~than ~~may~~corporate befinance, ~~paid~~changes byas ~~the~~a ~~Managing~~means ~~Member in its~~of ~~discretion~~realizing value.

The approaches activist managers use range from quiet cooperation to direct confrontation, and the degree of control activist managers seek ranges from simply convincing companies to complete a one-time event, to gaining effective control of the company through board seats. Specific tactics range from quietly and cooperatively making suggestions to management and/or boards of directions to publicly advocating changes to proxy fights to gain board seats or force other changes.

The choice of whether to be passive or active often depends on the specific situation. While managers will choose to emphasize activism to a greater or lesser degree, managers using passive and active strategies are not mutually exclusive. Many event generalists will become active in certain situations, and many activists will make investments where they do not intend to take an active role.

Multi-strategy event consists of managers who, in addition to special situations trading also engage in trading in distressed securities. They will tend to adjust the mix of these strategies as underlying market conditions warrant.

Distressed and Credit. Managers in this style will take directional positions in corporate debt securities. The strategies within this style are distressed debt and credit long/short. Both of these strategies will tend to invest in corporate debt securities based on fundamental credit analysis of the underlying companies.

~~Man~~In ~~Financial~~distressed ~~Inc.~~debt, ~~acts~~although asmanagers tend to be long-biased over the ~~futures~~cycle, ~~brokers~~they will ~~for~~take ~~Man-AHL~~both ~~130~~long and ~~Man~~short ~~Financial~~positions in the securities of companies who are ~~Limited~~in ~~executes~~bankruptcy, ~~and~~have ~~clears~~the ~~Man~~near-~~AHL~~term ~~130’s~~potential ~~currency~~to ~~forward~~enter bankruptcy, or have ~~trades. Man-AHL~~recently ~~130~~emerged ~~pays~~from ~~“bid~~bankruptcy. ~~asked”~~The ~~spreads~~potential onfor ~~its~~excess ~~forward~~returns ~~trades,~~in the asstrategy ~~such~~derives ~~spreads~~from ~~are~~structural ~~incorporated~~impediments ~~into~~to many institutions holding distressed securities and from the ~~pricing~~difficulty of ~~forward~~evaluating securities and ~~contracts~~claims that are subject to bankruptcy proceedings.

~~Man-AHL 130~~In ~~is open-ended and may offer Units at net asset value as of the first day~~credit ~~of each~~long/short, ~~month. Unitholders~~managers ~~may~~will ~~redeem~~typically ~~Units~~take ~~upon~~directional aslong ofand ~~the~~short ~~end~~positions ~~of any~~in ~~calendar~~corporate ~~quarter,~~debt ~~upon~~securities. 45Although ~~days’~~they ~~prior~~will ~~written~~tend ~~notice~~ to ~~the~~have ~~Managing Member. In~~some ~~order~~directional ~~to pay redemption proceeds, it may be necessary for~~bias ~~Man-AHL~~at ~~130~~any topoint ~~tender~~in ~~for~~time, ~~repurchase~~managers ~~a portion of its investment~~ in ~~the Man-Glenwood~~this ~~Funds. Man-AHL~~strategy ~~130~~ will ~~attempt~~tend to ~~have~~be ~~such~~neutral ~~investment~~about ~~repurchased through~~ the ~~Man-Glenwood~~overall ~~Funds’~~direction ~~quarterly~~of ~~tender process. Redemption~~the ~~proceeds~~credit ~~will~~markets ~~generally~~over ~~be paid within 45 days after~~ the ~~quarter-end~~course of ~~redemption~~the cycle. If ~~quarter-end redemptions are~~In ~~requested~~addition, ~~for~~managers ~~more~~will ~~than~~also ~~15%~~take ofsome ~~Man-AHL~~relative ~~130’s~~value ~~total~~positions ~~then-outstanding Units, each~~between ~~redemption~~different ~~request~~credits ~~will~~and bewithin ~~reduced~~the ~~pro~~capital ~~rata~~structure ~~so that only 15%~~ of ~~Man-AHL 130’s~~the ~~total~~same ~~then-outstanding Units are redeemed~~credit. ~~Units~~ ~~not redeemed~~Excess ~~due~~returns toin ~~the~~this ~~reduction~~strategy ofcome afrom ~~redemption~~structural ~~request~~inefficiencies ~~will~~due ~~remain subject~~ to ~~increase~~the ~~or decrease~~dominance inof ~~value~~these asmarkets aby ~~result~~ratings ofand ~~Man~~regulator-~~AHL~~driven ~~130’s~~investors ~~trading activities. Redeeming~~as ~~Unitholders~~well ~~will be notified if~~as ~~redemption~~the ~~requests~~ability ~~for~~to ~~any~~construct ~~given~~attractive ~~quarter~~risk-~~end~~return ~~are~~positions ~~likely~~by tovirtue beof ~~pro~~the ~~rated~~option-like incharacteristics ~~order~~of tolong ~~comply with such 15% limitation,~~ and ~~will~~short becredit ~~given an opportunity to withdraw their redemption requests~~positions.

~~Man-AHL~~Relative Value. ~~130’s~~Relative ~~cash~~value ~~and~~is ~~cash~~characterized ~~equivalent investments are used~~ by ~~Man-AHL~~the ~~130~~ability to ~~engage~~exploit ~~in its~~mispricings ~~trading activities and as reserves to support that~~within ~~trading. Man-AHL~~different ~~130’s~~securities ~~assets~~of ~~deposited~~either ~~with~~the ~~Man~~same ~~Financial~~issuer ~~Inc. as margin are maintained in “customer segregated funds accounts”~~ or ~~“foreign futures~~of ~~and~~issuers ~~foreign~~with ~~options secured amount accounts” as required by Commodity~~similar ~~Futures~~fundamental ~~Trading Commission regulation~~characteristics. ~~Assets~~ ~~not~~This ~~deposited~~strategy ascan ~~margin or~~often ~~invested~~involve inexploiting the ~~Man-Glenwood Funds are maintained in accounts with Man~~ ~~Financial~~optionality ~~Limited as collateral~~ in ~~connection with Man-AHL 130’s foreign currency forward trading or with third party banks in~~ the ~~name~~market offor ~~Man-AHL 130. The~~select ~~Managing Member believes that~~securities, ifparticularly ~~need~~for ~~be, Man-AHL 130’s~~convertible ~~investment in the Man-Glenwood Funds can be liquidated through the Man-Glenwood Funds’ quarterly tender process to support Man-AHL 130’s AHL Diversified Program trading~~bonds.

Returns are generated by being long or short the spreads of related securities and the impact of the tightening or widening of these spreads. While the strategies within the relative value style tend to be classified as arbitrage strategies, they are not necessarily market neutral, nor are they necessarily perfect or realizable arbitrage. Managers often rely on a moderate to higher level of leverage in order to profit from small pricing discrepancies.

The risks associated with relative value include liquidity risk of the leverage used in the portfolio and the fundamental illiquidity that can underlie specific markets in which the manager is invested. Managers are generally invested in equities, debt and derivative securities. These securities may be listed or over-the-counter.

Variable Equity. Variable equity is characterized by managers who invest in U.S. and international equity markets in a traditional, trading oriented style. Managers generally take on larger net exposures than their equity hedge counterparts. In fact, these portfolios are often characterized by shifts in gross and net exposures over time as market conditions change, and certain managers may position their portfolios as either purely net-long or net-short.

Variable equity returns are primarily driven by the managers’ individual stock selection skills and their abilities to identify shifts in market direction. Variable equity managers generally use little leverage.

Risks generally arise from the managers’ stock picking decisions, specifically investments in individual securities that may move against them. These managers also can be vulnerable to unexpected and rapid directional shifts in the markets.

Commodity and Macro. Commodity and macro managers typically attempt to profit from directional trading across the spectrum of asset classes. In general, positions are concentrated in commodities, currencies, interest rates and stock index futures. However, managers may also take positions in specific equity or credit securities, but these positions tend to be driven by a more thematic as opposed to company-specific rationale. In addition, while many macro positions tend to be directional there may also be a significant amount of exposure to relative value trades among various commodities, currencies, interest rates and stock index markets, either within or across countries and geographic regions.

The master trading vehicle in which the Man-Glenwood Funds invest divides this style into three distinct strategies, discretionary commodity managers, systematic commodity trading advisors (‘CTAs’), and global macro managers (both systematic and discretionary).

Discretionary commodity managers tend to take directional and relative value positions in commodities and commodity-related securities. The rationale for these positions is largely based on fundamental research into the supply and demand for the commodity, and, in the case of securities, the sensitivity of the issuing companies to

changes in the price of the commodity. Managers are able to earn attractive returns by successfully gathering and interpreting information from a variety of sources, both public and proprietary.

Systematic CTAs trade commodities, currencies, interest rates and stock indices through both the futures and cash markets. Their trades are based on signals generated by quantitative algorithms that are largely if not exclusively based on price data. Most managers in this sector use trend-following systems that attempt to capture price momentum in these markets.

Global macro managers attempt to profit from large directional or relative value moves in any of the major asset classes, but unlike systematic CTAs, tend to be more reliant on fundamental as opposed to price data. These managers can be either systematic, applying quantitative algorithms to economic data, or fundamental, applying the manager’s judgment to whatever the manager believes is the pertinent data for the particular asset class being traded. In general, these managers benefit from large changes in the absolute or relative prices within or across asset classes. Global macro managers are largely unconstrained in terms of asset class and are potentially able to earn excess returns by correctly predicting price moves in a wide range of instruments and generally benefit from inefficiencies and price distortions that arise when more constrained investors (e.g., central banks, corporate foreign exchange hedgers, etc.) are forced to make less economically optimal trading decisions.

Most commodity and global macro managers have an expected volatility higher than those of other hedge fund styles represented in other Man Group portfolios. However, due to their strong diversification characteristics as compared to other hedge fund strategies, commodity and global macro funds can serve to protect portfolio capital during difficult market conditions.

The Managing Member receives a management fee of 1/12 of 0.75% of the Net Asset Value of all outstanding Units at each month-end (a 0.75% annual rate), calculated monthly and paid quarterly in arrears. For managing Man-AHL 130’s assets pursuant to the AHL Diversified Program, Man-AHL (USA) Limited receives a management fee of 1/6 of 1% of the month-end notional value of Man-AHL 130’s AHL account (a 2% annual rate) – approximately equal to Man-AHL 130’s Net Asset Value – calculated and paid as of the end of each calendar month and a monthly incentive fee of 20% of any “new net profit” attributable to Man-AHL 130’s AHL account (the capital attributable to both Classes of Units will be traded in the same AHL account). “New net profit” is the increase in the month-end net asset value of the AHL account (after deduction of monthly management fees, expenses and brokerage commissions and excluding net interest income) over the account’s highest net asset value as of the end of any preceding month, adjusted for capital contributions and redemptions, or the commencement of trading. Until January 1, 2009, Man-AHL 130’s investment in the Man-Glenwood Funds was subject to annual management, investor servicing and administrative fees and expenses equal to approximately 3.0% per annum of the aggregate value of Man-AHL 130’s investment in the Man-Glenwood Funds, calculated monthly and paid quarterly. As of January 1, 2009, such fees and expenses were reduced to approximately 2.25% per annum of the aggregate value of Man-AHL 130’s investment in the Man-Glenwood Funds. The investment managers of the Sub-Funds generally charge their Sub-Funds a management fee, generally ranging from 0% to 3% annually of the net assets under their management (including Man-AHL 130’s investment indirectly through the Portfolio Company), and some or all of the Sub-Fund managers receive performance or incentive allocations generally expected to range from 20% to 25% of net profits annually or quarterly, although on occasion these fees and/or allocations may be higher or lower.

Man-AHL 130’s organizational and initial offering costs were paid by the Managing Member, or an affiliate, without reimbursement from Man-AHL 130 or investors in Man-AHL 130 (“Unitholders”). Man-AHL 130 pays the routine costs of executing and clearing Man-AHL 130’s trades, administrative expenses, including costs incurred in connection with the continuing offering of Man-AHL 130’s Units, and any extraordinary expenses which it may incur.

Man-AHL 130 has entered into an administration agreement with SEI Global Services, Inc., an independent third party administrator (the “Administrator”), to provide various services (such as administration, accounting, valuation, tax reporting and investor services) at competitive rates. Total administrative expenses of Man-AHL 130 in excess of 1/12 of 0.50% of each month-end Net Asset Value (approximately 0.50% of Net Asset Value per annum) through March 31, 2009, were paid by, or reimbursed to Man-AHL 130 by, the Managing Member or an

affiliate. Since March 31, 2009, expenses in excess of such 0.50% per annum level have been payable by Man-AHL 130, but may be paid by the Managing Member in its discretion.

MF Global Inc. and Credit Suisse, Sydney Branch serve as futures brokers for Man-AHL 130 and Royal Bank of Scotland plc serves as Man-AHL 130’s foreign exchange contracts prime broker. Man-AHL 130 may engage additional futures brokers and/or currency forward dealers or replace the current ones at any time. Man-AHL 130 pays “bid asked” spreads on its forward trades, as such spreads are incorporated into the pricing of forward contracts.

Man-AHL 130 is open-ended and may offer Units at Net Asset Value as of the first day of each month. Unitholders may redeem Units upon as of the end of any calendar quarter, upon 45 days’ prior written notice to the Managing Member. In order to pay redemption proceeds, it may be necessary for Man-AHL 130 to tender for repurchase a portion of its investment in the Man-Glenwood Funds. Man-AHL 130 will attempt to have such investment repurchased through the Man-Glenwood Funds’ quarterly tender process. Redemption proceeds will generally be paid within 45 days after the quarter-end of redemption. If quarter-end redemptions are requested for more than 15% of Man-AHL 130’s total then-outstanding Units, each redemption request will be reduced pro rata so that only 15% of Man-AHL 130’s total then-outstanding Units are redeemed. Units not redeemed due to the reduction of a redemption request will remain subject to increase or decrease in value as a result of Man-AHL 130’s trading activities. Redeeming Unitholders will be notified if redemption requests for any given quarter-end are likely to be pro rated in order to comply with such 15% limitation, and will be given an opportunity to withdraw their redemption requests.

Man-AHL 130’s cash and cash equivalent investments are used by Man-AHL 130 to engage in its trading activities and as reserves to support that trading. Man-AHL 130’s assets deposited with the futures brokers as margin are maintained in segregated accounts as required by Commodity Futures Trading Commission (the “CFTC”) or applicable foreign regulation. Assets not deposited as margin or invested in the Man-Glenwood Funds are maintained in accounts with the currency forward counterparties as collateral in connection with Man-AHL 130’s foreign currency forward trading or with third party banks in the name of Man-AHL 130. The Managing Member believes that, if need be, Man-AHL 130’s investment in the Man-Glenwood Funds can be liquidated through the Man-Glenwood Funds’ quarterly tender process to support Man-AHL 130’s AHL Diversified Program trading.

Man-AHL 130 does not engage in lending (other than through permitted securities investments). The Managing Member does not anticipate making any distributions of profits, if any.

Regulation

Under the Commodity Exchange Act, as amended (the “CEA”), commodity exchanges and futures trading are subject to regulation by the ~~Commodity Futures Trading Commission (the “~~CFTC”). National Futures Association (“NFA”), a “registered futures association” under the CEA, is the only non-exchange self-regulatory organization for futures industry professionals. The CFTC has delegated to NFA responsibility for the registration of “commodity trading advisors,” “commodity pool operators,” “futures commission merchants,” “introducing brokers” and their respective associated persons and “floor brokers” and “floor traders.” The CEA requires commodity pool operators, such as the Managing Member, and commodity trading advisors, such as AHL, and commodity brokers or futures commission merchants, such as ~~Man Financial~~MF ~~Inc.~~Global to be registered and to comply with various reporting and record keeping requirements. The CFTC may suspend a commodity pool operator’s or trading advisor’s registration if it finds that its ~~trading~~ trading practices tend to disrupt orderly market conditions or in certain other situations. In the event that the registration of the Managing Member as a commodity pool operator or AHL’s registration as a commodity trading advisor were terminated or suspended, termination of Man-AHL 130 might result.

In addition to such registration requirements, the CFTC and certain commodity exchanges have established limits on the maximum net long or net short position which any person may hold or control in particular commodities. Most exchanges also limit the changes in futures contract prices that may occur during a single trading day. Currency forward contracts are not subject to regulation by any United States Government agency.

(i) through (xii) - not applicable.

(xiii) Man-AHL 130 has no employees.

(d) Financial information about geographic areas

Man-AHL 130 does not engage in material operations in foreign countries (although it does trade in foreign currency forward contracts and on foreign futures exchanges), nor is a material portion of its revenues derived from foreign customers.

(e) Available information

Not applicable.

Item 1A. Risk Factors

~~You~~Not ~~May Lose Your Entire Investment~~required. Man-AHL 130 is speculative and involves a high degree of risk. None of Man-AHL 130's strategies is assured of being profitable (unlike many traditional investment approaches which seek to participate in the growth of the economy over time, Man-AHL 130's strategies are trading strategies which, if incorrect in the positions they acquire, can lose money under any circumstances). The AHL Diversified Program attempts to recognize and capitalize on price trends, taking substantial positions which will incur major losses if the price trends are incorrectly identified or unexpectedly reverse. Similarly, the Sub-Funds in which the Man-Glenwood Funds invest, through the Portfolio Company, each implement strategies subject to different orders of market risk, including price movements, changes in volatility and interest-rate fluctuations. Investors must be prepared to lose all or substantially all of their investment in Man-AHL 130.

Man-AHL 130 uses leverage, which increases risk. The AHL Diversified Program trades at a substantial degree of leverage, acquiring futures and forward contracts with a face amount of approximately 300% to 800% of Man-AHL 130's Net Asset Value. The Man-Glenwood Funds currently leverage their investment in the Sub-Funds to approximately 120% of each Man-Glenwood Fund's net assets. Leverage increases the risk of loss as well as performance volatility and transaction costs (including additional interest expenses).

Man-AHL 130 is the first public futures fund sponsored by the Managing Member. The Managing Member has never previously sponsored a public futures fund in the United States. The past performance of the Man Group's other investment funds and products is not necessarily indicative of the future success of Man-AHL 130.

Man-AHL 130 has no operating history. Man-AHL 130 is newly-formed and has no operating history. The past performance of the AHL Diversified Program and the Man-Glenwood Funds is not necessarily indicative of how they will perform in the future.

"Risk of ruin." While volatility is a widely accepted measure of the risk of a traditional debt or equity investment, it is also widely accepted that volatility does not fully reflect the risk of trading-based (as opposed to traditional "buy and hold") strategies in that these strategies are subject -- due to market disruption, illiquidity, "credit squeezes" and a variety of other factors -- to incurring sudden and unprecedented losses. One of the best-known alternative investment strategy funds had virtually no downside volatility until it lost all of its equity in the course of two months. Man-AHL 130, in addition to being likely to have volatile performance, will also be subject to this "risk of ruin."

Man-AHL 130's performance is expected to be volatile. Futures and forward markets are volatile, and Man-AHL 130 may suffer sudden and substantial losses from time to time. Futures and forward prices are affected by complex and often unpredictable factors such as severe weather, governmental actions and other economic or political events. In fact, certain events -- for example, international terrorist acts and political turmoil -- may cause a large number of the highly-leveraged positions held by AHL to move in the same direction at or about the same time. The low margin deposits normally required in futures trading permit a high degree of leverage so that even small price movements in Man-AHL 130's futures positions can result in significant changes in the value of those positions. Accordingly, the day-to- day value of the Units will be variable and uncertain. The Net Asset Value of the Units may change materially between the date you subscribe and the date Units are issued to you or the date on which you request a redemption and the quarter-end redemption date.

Man-AHL 130's substantial fees and expenses will cause losses unless offset by profits and interest income. Man-AHL 130 is subject to substantial fees and expenses. These fees and expenses are "layered": Man-AHL 130, the AHL Diversified Program, the Man-Glenwood Funds and the Sub-Funds are each subject to their own level of fees. These fees and expenses are materially increased in comparison to the equity in Man-AHL 130 due to the leverage at which it trades. The AHL Diversified Program taking futures positions at 600% of Man- AHL 130's net equity, for example, results in correspondingly increased transaction costs as compared to those which would be incurred were Man-AHL 130 to acquire futures positions equal to its net equity. The AHL Diversified Program's and the Man-Glenwood Funds' fees and expenses must be offset by trading profits and interest income to avoid losses. Furthermore, any profits earned by the AHL Diversified Program or the Sub-Funds will be subject to performance compensation due to AHL or to the Sub-Fund managers.

An investment in Man-AHL 130 is not a liquid investment. No public or other market will develop for the Units. You must bear the economic risk of your investment until you are able to redeem your Units. Units may only be redeemed as of any calendar quarter-end upon 45 days' notice (subject to the limitation that redemptions of Man-AHL 130's outstanding Units as of any given calendar quarter-end may not exceed 15% of the total Units then outstanding). A Unit's redemption price will be its Net Asset Value on the redemption date, not on the date by which irrevocable notice of redemption must be given to Man-AHL 130. Because the Units cannot be readily liquidated, it may be impossible for investors to limit losses or realize accrued gains.

Substantial redemptions may cause Man-AHL 130 to incur losses. Substantial redemptions of Units within a limited period of time, even though limited to 15% of Man-AHL 130's total outstanding Units as of any calendar quarter-end, could disrupt Man-AHL 130's portfolio, resulting in losses. Being required to liquidate positions -- especially in unfavorable market conditions -- could require Man-AHL 130 to liquidate at disadvantageous prices positions which AHL would otherwise have maintained, impairing the future profit potential of Man-AHL 130 as well as perhaps resulting in immediate losses. In the event that Man-AHL 130 receives redemption requests in excess of such 15% limitation for eight consecutive quarters, Man-AHL 130 will cease its trading and investment activities, and will terminate as promptly as possible and distribute its assets to investors.

Man-AHL 130 is subject to conflicts of interest. The investment, management, brokerage and sales activities of the Managing Member and its affiliates give rise to conflicts of interest that may disadvantage Man-AHL 130. Many of the direct and indirect service providers to Man-AHL 130 (excluding the managers of the Sub-Funds and the Administrator) are members of the Man Group and will remain so, even if using other, non-affiliated, service providers might be better for Man-AHL 130. As a result of the conflicts of interest in members of the Man Group serving in multiple capacities with respect to Man-AHL 130, AHL and the Man-Glenwood Funds, many of the service provider arrangements have not been negotiated at arm's length, may not be at the lowest rates or terms otherwise available and will not be terminated even should more advantageous arrangements become available.

The Managing Member has not established formal procedures to resolve conflicts of interest. Because the Managing Member has not established any formal procedures for resolving conflicts of interest, you will be dependent on the good faith of the conflicted parties to resolve their conflicts equitably. There can be no assurance that conflicts of interest will not result in losses for Man-AHL 130. AHL will, for example, have an incentive to trade more frequently than it otherwise might due to an affiliate of AHL acting as clearing broker for Man-AHL 130. Furthermore, the Managing Member will not replace AHL as the futures manager for Man-AHL 130 nor the Man-Glenwood Funds as Man-AHL 130's non-cash equivalent reserve asset investment, even if other such managers or investments might be more advantageous for Man-AHL 130.

Man-AHL 130's investment in the Man-Glenwood Funds may incur losses. The Sub-Funds may employ speculative trading strategies, including selling securities short and trading in derivatives, including swaps, over-the- counter ("OTC") options and asset-backed securities, or investing in non- marketable securities. Short selling exposes the seller to unlimited risk due to the lack of an upper limit on the price to which a security may rise. Derivatives prices may be volatile and there are uncertainties as to how derivatives markets will perform during periods of market instability or credit distress. Non-marketable securities may be difficult to value and may not be easily disposed of when declining in value. Although the Man-Glenwood Funds are designed as multi-manager, multi-strategy fund of funds investments, under certain market conditions many of the Sub-Funds, in which the Man-Glenwood Funds invest through the Portfolio Company, could incur losses at or about the same time. The Man-Glenwood Funds might also refuse to offer or process repurchase tenders.

Changes in regulatory requirements may be adverse to Man-AHL 130. The regulation of US and non-US futures funds such as Man-AHL 130 has undergone substantial change in recent years, and such change may continue for the foreseeable future. In the past there have, for instance, been initiatives by certain governmental and/or political bodies to attempt to restrict the amount of speculative trading permitted in certain currencies and staples such as power and oil. The effect of regulatory change on Man-AHL 130, while impossible to predict, could be substantial and adverse. For example, certain regulatory changes have made the OTC derivatives markets significantly more available to small investors. This could disrupt historical price patterns to the detriment of AHL's trading systems (based on historical market data). The SEC adopted regulations requiring substantially all "hedge fund" managers to register as "investment advisers" (the "Registration Rule") under the Investment Advisers Act of 1940, as amended. In June 2006, a federal appeals court vacated the Registration Rule and the SEC has decided not to pursue a rehearing or seek appellate review. However, the Registration Rule granted an exemption from registration pursuant to which a "hedge fund" manager could avoid registration in situations where it "locks up" (for a period of greater than two years) any capital contributed by investors. A significant number of Sub-Fund managers which might otherwise have been available to the Man-Glenwood Funds may have relied on this exemption from registration and although the Registration Rule has been vacated, there can be no assurance that such Sub-Fund managers will liberalize their liquidity terms and thus the Man-Glenwood Funds' portfolios may either exclude such Sub-Fund or have less liquidity than they otherwise would. In any case, the SEC, Congress, state legislatures, state securities administrators, as well as governing bodies of non-US jurisdictions could seek to impose greater regulation on the "hedge fund" industry in the future. It is impossible to predict what, if any, changes in the regulations applicable to Man-AHL 130, the Managing Member, AHL, Glenwood, the AHL Diversified Program, the Man-Glenwood Funds, the Sub-Fund managers, the markets in which they trade and invest or the counterparties with which they do business may be instituted in the future. Any such regulation could have a material adverse impact on the profit potential of Man-AHL 130.

The AHL incentive fee calculation may not reflect your investment experience. The incentive fees payable to AHL will be calculated based on Man-AHL 130's overall investment in the AHL Diversified Program, irrespective of when individual investors invest in Man-AHL 130. Consequently, the AHL incentive fees calculated in respect of Man-AHL 130's AHL Diversified Program account may not be reflective of the investment experience of certain Unitholders. In addition, the AHL incentive fees will not be affected by losses on Man-AHL 130's investment in the Man-Glenwood Funds. Finally, because the AHL incentive fees are calculated on a monthly basis, AHL could receive substantial incentive fees from Man-AHL 130 during a year even though Man-AHL 130's investment with AHL for such year was unprofitable. The Sub-Funds will charge incentive fees based on their individual performance, irrespective of the overall performance of the Man-Glenwood Funds.

Man-AHL 130 could lose assets and have its trading disrupted due to the bankruptcy of its commodity broker, counterparties or others. Man-AHL 130 is subject to the risk of clearing broker, exchange, clearinghouse, or trading counterparty insolvency. Especially in AHL's OTC derivatives trading, Man-AHL 130 will be dealing with substantially unregulated entities and without the protection of a clearinghouse supporting the obligations of such counterparties under their respective trades. Man-AHL 130 assets could be lost or impounded during lengthy bankruptcy proceedings. Were a substantial portion of Man-AHL 130's assets to be tied up in a bankruptcy, the Managing Member might suspend or limit the trading activities of Man-AHL 130, perhaps resulting in missed profit opportunities.

Trading on foreign exchanges presents greater risk than trading on US exchanges. Man-AHL 130 will trade on commodity exchanges outside the United States. Trading on foreign exchanges is not regulated by any United States governmental agency and may involve certain risks that do not arise when trading on United States exchanges. For example, an adverse change in the exchange rate between the United States dollar and the currency in which a non-US futures contract is denominated would reduce the profit or increase the loss on a trade in that contract. Trading on foreign exchanges also presents risks of loss due to: (i) the possible imposition of exchange controls, which could make it difficult or impossible for Man-AHL 130 to repatriate some or all of its assets held by non-US counterparties; (ii) possible government confiscation of assets; (iii) taxation; (iv) possible government disruptions, which could result in market closures and thus an inability to exit positions and repatriate Man-AHL 130 assets for sustained periods of time, or even permanently; and (v) limited rights in the event of the bankruptcy or insolvency of a foreign broker or exchange resulting in a different and possibly less favorable distribution of the bankrupt's assets than would occur in the United States. Many foreign regulatory systems do not assure all market participants equal access to transactions to the same extent as the US regulations, and Man-AHL 130 -- as a non-local speculative trading vehicle -- may be denied opportunities to which, in the United States, it would have access as a matter of right.

The absence of regulation in certain markets could expose Man-AHL 130 to significant loss. Many of AHL's, as well as the Sub-Funds', transactions will be executed in the OTC, unregulated markets. There is no way to determine fair pricing or prevent business abuses in unregulated markets. Furthermore, unlike on exchanges, participants in the OTC markets have no obligation to make a market in any of the instruments traded. The absence of regulation in such markets could expose Man-AHL 130 to significant losses. Various national governments have expressed concern regarding the need to regulate the "derivatives" markets in general. Future regulatory changes may limit Man-AHL 130's ability to trade in certain markets.

Exchange-rate risk. Man-AHL 130 is denominated in US dollars. AHL will both trade currencies and trade in other assets denominated in currencies other than the US dollar. Man-AHL 130 will be subject to the general risk of adverse fluctuations in exchange rates between the currencies being traded by Man-AHL 130 and the US dollar as well as to the risk that in trading in assets denominated in currencies other than the US dollar, the value of Man-AHL 130's positions will be adversely affected by changes in the exchange rate between the functional currency of such positions and the US dollar. The Man-Glenwood Funds will also be subject to a certain level of exchange-rate risk on their investments in the Sub-Funds, which may be denominated in currencies other than US dollars and a number of which will trade currencies or investment assets denominated in currencies other than the US dollar.

Lack of price trends will cause losses; there have been sustained periods of time with insufficient price trends for the AHL Diversified Program to trade profitably. The Managing Member expects that there will be similar periods in the future. Trend-following futures and forward trading systems such as the AHL Diversified Program generally anticipate that most of their positions will be unprofitable; they are dependent on major gains in a limited number of positions for overall success. Accordingly, Man-AHL 130 cannot trade profitably unless there are major price trends in at least some of the markets it trades. Moreover, the price trends must be of a type that the AHL models can identify. In the past there have been sustained periods of time without significant market trends. During such periods, Man-AHL 130 can be expected to incur substantial losses. Market conditions may result in which prices move rapidly in one direction, then reverse and then reverse again. In such "whipsaw" markets, AHL may establish positions for Man-AHL 130 on the basis of incorrectly identifying the rapid movement or reversal as a trend, resulting in substantial losses. In trendless markets, there is little chance that the AHL Diversified Program will be profitable.

AHL's trading decisions are based on technical systems, not on an analysis of economic factors, and may be less responsive to continuously changing markets. AHL's trading decisions generally are not determined by analysis of fundamental supply and demand factors, general economic factors or anticipated world events, but rather by technical trading systems based on historical price data. Technical trading systems are premised on the concept that market prices reflect the results of numerous market participants' assessment of the value of the instruments being traded. This approach does not incorporate the possibility that basic economic factors may cause market prices not to reflect true value, and moreover must assume that historical price trends are relevant information to predicting prices in current markets (whereas, in fact, the markets and market participants are continuously changing). In markets in which fundamental factors dominate, for example, a pending political or economic event, AHL will maintain the positions indicated by its technical systems, which may incur substantial losses if particular fundamental events occur.

Increased competition among trend-following traders could reduce AHL's profitability. The Managing Member believes that there has been, over time, a substantial increase in interest in technical trading systems, particularly trend-following systems. As the assets under the management of trading systems based on the same general principles increase, an increasing number of traders may attempt to initiate or liquidate substantial positions at or about the same time as AHL, or otherwise alter historical trading patterns or affect the execution of trades, to the significant detriment of Man-AHL 130. For example, in the early 1990s a number of currency traders left major banks and began implementing their individual currency trading strategies. This resulted in several long-established technical currency traders discontinuing operations as the price patterns which their systems had been designed to identify were disrupted by the substantial new order flow into the markets.

AHL has no control over the market conditions which will dominate AHL'S results. Although the AHL Diversified Program is as likely to be profitable as unprofitable in up or down markets, there is some tendency for managed investment products such as Man-AHL 130 -- particularly those managed by systematic, trend-following advisors -- to perform similarly during the same or approximately the same periods. Prospective investors must recognize that, irrespective of the skill and expertise of AHL, the success of Man-AHL 130 may be substantially dependent on general market conditions -- not necessarily the same market conditions which would already affect the stock and bond markets but, for example, trendless periods in the futures markets -- over which AHL has no control.

Reliance on a single futures trading strategy creates exposure to the risk of obsolescence of that strategy. Man-AHL 130's direct managed futures component represents a commitment solely to the AHL Diversified Program -- a single manager, single strategy allocation. Any single strategy involves risk, and that risk may be heightened in the context of managed futures strategies due to their need to continually develop and adapt their strategies to changing market conditions and historical price information. Reliance on a single manager and strategy incurs the risk of the single manager's strategy becoming outdated, as well as the risk of other adverse events affecting such single manager or strategy.

Possible effects of speculative position limits. Certain futures contracts traded by AHL -- principally agricultural futures traded on US exchanges -- are subject to speculative position limits restricting the maximum position which speculative traders (such as Man-AHL 130) may acquire. Furthermore, these limits will be applied aggregating all AHL accounts, not solely Man-AHL 130's. In certain circumstances, these speculative position limits may prohibit AHL from acquiring positions which it would otherwise have believed to be in the best interest of Man-AHL 130.

Possible effects of daily price fluctuation limits. Certain futures contracts traded by AHL -- again, principally agricultural futures contracts traded on US exchanges -- are subject to daily price fluctuation limits restricting the maximum amount by which the price of a contract can vary during a given trading day. Once the price has moved the "daily limit," it may be economically infeasible to close out positions against which the market is moving, resulting in AHL being unable to limit losses incurred on certain positions held by Man-AHL 130.

Man-AHL 130 is unlikely to realize its potential except in the medium- to long-term. The nature of AHL's trend-following trading strategies, as well as the diverse alternative investment strategies used in managing the Sub-Funds, indicates that an investor must be prepared to be invested in Man-AHL 130 for a significant period of time in order to give the investment a realistic opportunity to achieve its objective. In the event of unexpected change in an investor's financial circumstances or if unexpected financial needs arise, an investor may be compelled to redeem from Man-AHL 130 at an inopportune time.

Item 1B. Unresolved Staff Comments.

Not ~~applicable~~required.

Item 2. Properties

Man-AHL 130 does not own or use any physical properties in the conduct of its business. The Managing Member and various service providers perform services for Man-AHL 130 from their offices.

Item 3. Legal Proceedings

The Managing Member is not aware of any pending legal proceedings to which either Man-AHL 130 is a party or to which any of its assets are subject. In addition there are no pending material legal proceedings involving the Managing Member.

Item 4. Submission of Matters to a Vote of Security Holders

None.

PART II

Item 5. Market for the Registrant’s Common Equity and

Related Stockholder Matters

(a) Market Information.

There is no trading market for the Units, and none is likely to develop. Units may be redeemed upon 45 days’ written notice to the Managing Member at their ~~net~~Net ~~asset~~Asset ~~value~~Value as of the last day of any calendar quarter; provided, however, if quarter-end redemptions are requested for more than 15% of Man-AHL 130’s total then-outstanding Units, each redemption request will be reduced pro rata so that only 15% of Man-AHL 130’s total then-outstanding Units are redeemed. In the event that Man-AHL 130 receives redemption requests in excess of the 15% limitation for eight consecutive quarters, Man-AHL 130 will cease its trading and investment activities and will terminate as promptly as possible.

(b) Holders.

As of March 31, ~~2007~~2009, ~~Man-AHL~~there ~~130~~were ~~had~~46 ~~not~~holders ~~commenced~~of Class ~~operations~~A ~~nor issued any~~ Units~~, although~~ ~~the~~and ~~Managing Member held a $10,000 “seed capital” investment in Man-AHL~~273 ~~130. As~~holders of ~~June 1, 2007, there was 1 holder of~~ Class A B Units.

No distributions or dividends have been made on the Units, and the Managing Member has no present intention to make any.

(d) Securities Authorized for Issuance Under Equity Compensation Plans.

None.

(e) Recent Sales of Unregistered Securities; Use of Proceeds from Registered Securities.

~~The~~There ~~Managing~~have ~~Member~~been ~~invested~~no ~~$10,000~~sales of ~~"seed~~unregistered ~~capital"~~securities induring ~~Man-AHL~~the ~~130~~period covered by this annual report on ~~May~~Form 10~~, 2005~~-K.

(f) Use of Proceeds.

The use of proceeds information is being disclosed for Registration Statement No. 333-126172 declared effective on February 1, 2007, registering 500,000 Class A and 500,000 Class B Units of limited liability company interest for sale at an initial offering price of $100 per Unit. The offering of the Units commenced on or about March 1331, 2007 and Units are offered as of the beginning of each calendar month on a continuous basis. The offering has not terminated. AsA total of ~~March 31~~$17, ~~2007~~140,816 ~~Man~~of ~~AHL-130~~Class ~~had~~A ~~not~~Units ~~received~~and $13,917,548 ~~proceeds~~of ~~from~~Class B Units have sold to the ~~offering~~public as of ~~its~~March ~~Units~~31, 2009. Man-AHL ~~nor~~130 ~~had~~has ~~any~~incurred total expenses ~~been~~through ~~incurred for the~~March ~~account~~31, 2009 of ~~Man-AHL 130~~$5,263,473.

(g) Issuer Purchases of Equity Securities.

Pursuant to Man-AHL 130’s Limited Liability Company Agreement, Unitholders may redeem their Units at the end of each calendar quarter at the then current quarter-end Net Asset Value per Unit. If quarter-end redemptions are requested for more than 15% of Man-AHL 130’s total then-outstanding Units, each redemption request will be reduced pro rata so that only 15% of Man-AHL 130’s total then-outstanding Units are redeemed. In order to pay redemption proceeds, it may be necessary for Man-AHL 130 to tender for repurchase a portion of its investment in the Man-Glenwood Funds. Each Man-Glenwood Fund generally withholds 5% of the proceeds of a total repurchase from such Man-Glenwood Fund until the completion of the Man-Glenwood Fund’s annual audit. The amount withheld from a total repurchase by Man-AHL 130 from the Man-Glenwood Funds will be approximately 1.5% of a Unitholder’s total investment. Rather than withhold redemption proceeds from Unitholders redeeming Units, however, the Managing Member intends to pay the full redemption amount due to redeeming Unitholders and the amount subsequently paid to Man-AHL 130 by the Man-Glenwood Funds from the amount withheld will be a general asset of Man-AHL 130. Other than any affect of the foregoing, the redemption of Units has no impact on the value of Units that remain outstanding. Units are not reissued once redeemed.

11The following table summarizes the redemptions by Unitholders during the first calendar quarter of 2009:

Month	Class/Series	Units Redeemed	Redemption Date NAV Per Unit
January 31, 2009	Class A Series 1	0	0
	Class A Series 2	0	0
	Class B Series 1	0	0
	Class B Series 2	0	0

February 28, 2009	Class A Series 1	0	0
	Class A Series 2	0	0
	Class B Series 1	0	0
	Class B Series 2	149.608	142.161
March 31, 2009	Class A Series 1	237.267	131.498
	Class A Series 2	287.542	134.391
	Class B Series 1	303.398	131.941
	Class B Series 2	344.145	134.847

Item 6. Selected Financial Data

~~The~~Not following is a summary of operations for the fiscal year ending March 31, 2007 and for the period April 14, 2005 (date of inception) through March 31, 2006 and total assets of Man-AHL 130 at March 31, 2007 and 2006required. ~~Man-AHL 130 had not yet commenced trading operations at March 31, 2007.~~

	For the Year Ended March 31, 2007	For the period April 14, 2005 (date of inception) through March 31, 2006
Investment income	$--	--
Expenses:	--	--
Net investment income	$--	$--
Realized and unrealized gain on investments:	--	--
Net income:	$--	$--
Total assets	$10,000	$10,000
Member’s Equity	$10,000	$10,000

Item 7. Management’s Discussion and Analysis of Financial

Condition and Results of Operations

~~Man-AHL~~Reference ~~130~~is ~~had~~made ~~not~~to ~~yet~~“Item ~~commenced~~6. Selected ~~trading~~Financial Data” ~~operations~~and ~~during~~“Item ~~the~~8. Financial ~~period~~Statements ~~ending March~~and ~~31, 2007~~Supplementary Data.” The ~~Therefore~~information contained therein is essential to, ~~there~~and ~~were~~should nobe ~~material~~read ~~operations~~in onconjunction ~~which~~with, tothe following ~~report~~analysis.

Prospective Operations

Man-AHL 130 is a speculative managed futures fund which will trade pursuant to the AHL Diversified Program.

The AHL Diversified Program is a futures and forward price trend-following, trading system. The AHL Diversified Program is entirely quantitative in nature and implements trading positions on the basis of statistical analyses of past price histories.

The AHL Diversified Program, like most trend-following systems, is designed in the anticipation that most of its trades will be unprofitable; the objective of overall profitability depending on the system identifying certain major trends which occur and recognizing significant profits from participating in such trends.

The past performance of the AHL Diversified Program is not necessarily indicative of its future results. This is the case with all speculative trading strategies. Moreover, the markets in which the AHL Diversified Program is active have seen major changes in recent years, including the influx of entirely different classes of market participants. These changed circumstances may mean that the markets in which AHL has previously traded are not necessarily representative of those in which it will trade on behalf of Man-AHL 130.

Futures trading programs are proprietary and confidential. Investors, in investing in Man-AHL 130, must recognize that they are essentially committing capital to a “black box” trading strategy. There is no way to predict how the AHL Diversified Program will perform in the future, and if it does not perform successfully, investors may lose all or substantially all of their investment.

As a speculative futures fund, Man-AHL 130 effectively maintains all of its capital in reserve. Man-AHL 130 does not “buy” or “sell” futures or forward contracts in the traditional sense; rather, through taking positions in these markets, Man-AHL 130 acquires loss/profit exposure and uses its capital to cover losses and provide margin (which constitutes a good faith deposit towards Man-AHL 130’s obligation to pay such losses) to support its open positions. Man-AHL 130 will maintain most of its capital in cash and cash equivalents.

Capital Resources

Due to the low margins required to support futures and forward trading, only approximately 10% to 20% of the capital of a managed futures fund such as Man-AHL 130 is needed to margin its positions. Man-AHL 130 ~~will~~holds ~~hold~~ most of its capital in cash and cash equivalents while investing approximately 30% of such capital in the Man-Glenwood Funds, both for profit potential and diversification purposes. Man-AHL 130’s investment in the Man-Glenwood Funds cannot be used to margin its futures trading and would be liquidated to the extent that the Managing Member was able to do so and deemed it advisable to do so to support Man-AHL 130’s futures trading. There can be no assurance that Man-AHL 130 will maintain any investment in the Man-Glenwood Funds. The Managing Member is under no obligation to maintain Man-AHL 130’s investment in the Man-Glenwood Funds, and may reduce or eliminate such investment at any time through the Man-Glenwood Funds’ quarterly tender process.

Man-AHL 130, not being an operating company, does not incur capital expenditures. It functions solely as a passive trading vehicle, and after its initial allocation to the AHL Diversified Program and the Man-Glenwood Funds, its remaining capital resources are used only as assets available to provide variation margin and pay expenses and trading losses incurred on Man-AHL 130’s AHL Diversified Program account, as well as invest in the Man-Glenwood Funds to maintain appropriate exposure.

Liquidity

The AHL Diversified Program generally maintains highly liquid positions, and the assets held by Man-AHL 130 to support AHL’s trading are cash or highly-liquid Treasury bills, deposit accounts or other cash equivalents.

Man-AHL 130 will invest a limited portion of its capital in the Man-Glenwood Funds. Because the Man-Glenwood Funds are closed-end registered investment companies, members of the Man-Glenwood Funds do not have the right to require the Man-Glenwood Funds to repurchase any or all of their units. To provide a limited degree of liquidity to investors, the Man-Glenwood Funds offer quarterly liquidity through discretionary tender offers for their units pursuant to written tenders. Repurchases will be made at such times, in such amounts, and on such terms as may be determined by the Man-Glenwood Funds’ boards, in their sole discretion. Under certain circumstances, such tender offers may not occur as scheduled or may not be sufficient to satisfy the full amount requested to be repurchased by Man-AHL 130. However, the Man-Glenwood Funds’ component of Man-AHL 130’s portfolio represents an allocation of only 30% of Man-AHL 130’s capital, and the Managing Member believes that any delays in receiving repurchase payments from the Man-Glenwood Funds are unlikely to adversely affect Man-AHL 130’s operations.10

13Man-AHL 130 invests a limited portion of its capital in the Man-Glenwood Funds. Because the Man-Glenwood Funds are closed-end registered investment companies, members of the Man-Glenwood Funds do not have the right to require the Man-Glenwood Funds to repurchase any or all of their units. To provide a limited degree of liquidity to investors, the Man-Glenwood Funds offer quarterly liquidity through discretionary tender offers for their units pursuant to written tenders. Repurchases will be made at such times, in such amounts, and on such terms as may be determined by the Man-Glenwood Funds’ boards, in their sole discretion. Under certain circumstances, such tender offers may not occur as scheduled or may not be sufficient to satisfy the full amount requested to be repurchased by Man-AHL 130. However, the Man-Glenwood Funds’ component of Man-AHL 130’s portfolio represents an allocation of only 30% of Man-AHL 130’s capital, and the Managing Member believes that any delays in receiving repurchase payments from the Man-Glenwood Funds are unlikely to adversely affect Man-AHL 130’s operations.

The Managing Member does not anticipate the need for additional sources of liquidity, given that approximately 70% of Man-AHL 130’s capital is held in cash and highly liquid cash equivalents, and, if necessary, Man-AHL 130 is expected to be able to liquidate part of its investment in the Man-Glenwood Funds through the Man-Glenwood Funds’ quarterly tender process.

~~Accounting~~During ~~Principles~~its operations through March 31, 2009, Man-AHL 130 experienced no meaningful periods of illiquidity in any of the numerous markets in which it trades.

~~Man-AHL 130~~Critical ~~will record its transactions in futures and forward contracts, including~~Accounting related income and expenses, on a trade-date basis. Open futures contracts traded on an exchange will be valued at market, which is based on the closing settlement price on the exchange where the futures contract is traded by Man-AHL 130 on the day with respect to which Man-AHL 130’s Net Asset Value is being determined. Open forward contracts and other derivatives traded on the interbank market will be valued at their settlement price on the day with respect to which Man-AHL 130’s Net Asset Value is being determined.Principles

Man-AHL 130 records its transactions in futures and forward contracts, including related income and expenses, on a trade-date basis. Open futures contracts traded on an exchange are valued at market, which is based on the closing settlement price on the exchange where the futures contract is traded by Man-AHL 130 on the day with respect to which Man-AHL 130’s Net Asset Value is being determined. Open forward contracts and other derivatives traded on the interbank market are valued at their settlement price on the day with respect to which Man-AHL 130’s Net Asset Value is being determined.

Man-AHL 130 will value its investment in the Man-Glenwood Funds at its net asset value, which approximates fair value, as provided by the Man-Glenwood Funds.

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions, such as accrual of expenses, that affect the amounts and disclosures reported in the financial statements. Based on the nature of the business and operations ~~to be~~ engaged in by Man-AHL 130, the ~~Managing~~ Managing Member believes that the estimates itutilized ~~will use~~ in preparing Man-AHL 130’s financial statements ~~will~~are be appropriate and reasonable; however, actual results could differ from the estimates. The estimates todo ~~be used will~~ not provide a range of possible results that would require the exercise of subjective judgment. The Managing Member further believes that, based on the nature of the business and operations toof ~~be engaged in by~~ Man-AHL 130, no other reasonable assumptions relating to the application of Man-AHL 130’s critical accounting estimates other than those to be used would likely result in materially different amounts from those ~~that will be~~ reported.

Off-Balance Sheet Arrangements

Man-AHL 130 ~~will~~does not engage in off-balance sheet arrangements with other entities.

Contractual Obligations

Man-AHL 130 ~~will~~does not enter into contractual obligations or commercial commitments to make future payments of a type that would be typical for an operating company or that would affect its liquidity or capital resources. Man-AHL 130’s sole business ~~will~~is be trading futures contracts, forward currency and other OTC contracts, both long (contracts to buy) and short (contracts to sell), and investing in cash, cash equivalents and its investment in the Man-Glenwood Funds. All of Man-AHL 130’s futures, forward and OTC contracts, other than certain currency forward contracts, ~~will~~are be settled by offset, not delivery. The substantial majority of such contracts ~~will~~are be for settlement within four to six months of the trade date and the substantial majority of such contracts ~~will~~are be held by ~~Man-AHL~~ ~~130 for less than four to six months before being offset or rolled over into new contracts with similar maturities. Once~~ Man-AHL 130 begins operations, Man-AHL 130’s annual audited financial statements will present a condensed schedule of investments setting forth net unrealized appreciation (depreciation) of Man-AHL 130’s open positions, both long and short, at fiscal year-end.

~~Item 7A. Quantitative and Qualitative Disclosures About Market Risk~~11

for less than four to six months before being offset or rolled over into new contracts with similar maturities. Man-AHL 130’s ~~had~~annual ~~not~~audited ~~yet~~financial statements, ~~commenced~~included ~~trading~~as ~~operations~~Exhibit at13.01 ~~March~~of 31this report, ~~2007.~~present ~~Therefore,~~a Condensed Schedule of Investments setting forth net unrealized appreciation (depreciation) of Man-AHL 130’s ~~was~~open ~~not~~positions, ~~subject~~both tolong ~~any~~and ~~quantitative~~short, orat ~~qualitative~~March ~~market~~31, ~~risks during~~2009 ~~such period~~fiscal year-end.

Results of Operations

Man-AHL 130 was organized on April 14, 2005 under the Delaware Limited Liability Company Act, and its Registration Statement under the Securities Act of 1933, as amended, became effective on February 1, 2007. Its fiscal year ends March 31. Man-AHL 130 commenced trading operations April 2, 2007.

Performance Summary

		31-Mar -09			31-Mar -08
Ending Equity		$ 31,808,255			$ 20,408,632

Man-AHL 130’s net assets increased $11,399,623 for the year ended March 31, 2009. This increase was attributable to aggregate subscriptions of $15,658,364, aggregate redemptions of $5,162,317 and net income from operations of $903,576.

Management Fees of $851,887, Incentive Fees of $1,156,176, Client Servicing Fees (Series 1 Units only) of $63,873 and brokerage commissions of $4,466 were paid or accrued, and interest of $282,870 was earned or accrued on Man-AHL 130’s cash and cash equivalent investments, for the year ended March 31, 2009.

Man-AHL 130 paid administrative expenses for legal, audit, accounting and administration services, limited to 1/12 of 0.50% per month of Man-AHL 130’s month-end NAV through March 2009. After March 31, 2009, expenses in excess of such 0.50% per annum level have been payable by Man-AHL 130, but may be paid by the Managing Member in its discretion. Administrative and other expenses, paid or accrued, for the year ended March 31, 2009 were $667,608, which were offset in part by reimbursement from the Managing Member in the amount of $510,604.

Man-AHL 130 is a speculative managed futures fund which trades pursuant to the AHL Diversified Program. The AHL Diversified Program is a futures and forward price trend-following, trading system. The AHL Diversified Program is entirely quantitative in nature and implements trading positions on the basis of statistical analyses of past price histories. Like most trend-following systems, the AHL Diversified Program is designed in the anticipation that most of its trades will be unprofitable; the objective of overall profitability depending on the system identifying certain major trends which occur and recognizing significant profits from participating in such trends.

Futures trading programs are proprietary and confidential. As is the case with any speculative futures fund, it is impossible to predict how Man-AHL 130 will perform. It is not possible, as it is in the case of an operating business, to predict performance trends, analyze futures markets conditions or evaluate the likely success or failure of Man-AHL 130.

There are certain general market conditions in which Man-AHL 130 is more likely to be profitable than in others. For example, in trendless or stagnant markets, the AHL Diversified Program is unlikely to be profitable. On the other hand, trending markets with substantial price change momentum can be favorable to the AHL Diversified Program. However, because of the continually changing population of market participants as well as supply and demand characteristics, it cannot be predicted how Man-AHL 130 will perform in any given market conditions.

Three months ended March 31, 2009:

During the three month period ended March 31, 2009, Man-AHL 130’s trading within the agricultural sector had mixed performance after small gains from wheat positions were offset by slight losses from exposure to soymeal, soybeans and corn. Trading in government bond markets posted a loss over the quarter. Primarily long positions in almost all markets were responsible for the losses as previously profitable trends become volatile and choppy, with many positions impacted by significant fluctuations in prices. Currency trading posted a loss over the quarter, with the majority of losses coming in the last three weeks of March. Long Japanese yen positions against the US dollar proved to be the largest detractor to performance. Energy trading had an overall negative quarter as the previous year’s trend in the oil market came to an end. Global recession pushed oil prices down while OPEC agreed to cut production and some positive economic data helped rally commodities. Losses were improved by positive performance in short natural gas trades. Interest rate trading was positive for the quarter. Long Euribor positions were responsible for almost of all of the sector’s positive performance. Trading in base metals made a slight loss over the period. Short positions in copper were the largest detractor from performance as the commodity experienced a rally towards the end of the period amidst improving US economic data and a more optimistic outlook for the Chinese economy. Short positions in aluminum proved to be the best performance as prices declined sharply over January as the outlook for future demand deteriorated and stock levels increased, pushing prices lower. Trading in precious metals posted a loss over the quarter. Stock trading was the greatest positive contributor to overall returns in the first quarter with overall short positions in stock indices producing solid returns. Positions in the S&P 500 and Euro-STOXX produced the largest gains while the Nasdaq 100 index held back the sectors performance.

During the three month period ended March 31, 2009, the Man-Glenwood Funds’ commodity & macro managers posted a positive return for the quarter with the majority of gains coming from January as managers were able to capitalize on the moves in global fixed income and currencies. Returns for global macro managers were mixed for the last month of the quarter. Managers who were up for the month largely benefited on bond market moves (both on the long and short ends of global yield curves). Negative performance was largely driven by long USD positions and long energy during the second half of the month. The distressed and credit style posted a positive return for the quarter. In March, majority of the manager’s benefited from long debt and equity positions. The equity hedge style posted a positive return over the quarter. As global equity markets deteriorated in January and February, equity hedge managers with net-short positions, particularly in financial, consumer related and healthcare stocks, outperformed. Other managers that executed an active trading style were able to generate returns by taking advantage of market flows as well as actively trading earnings seasons. Event driven managers had a difficult January and February as managers were impacted by the broad sell-off in equity markets. A large number of managers saw core long positions in a variety of sectors trading down, resulting in significant losses for this style. Relative value managers closed out the first quarter with solid performance, as improved investor sentiment resulted in market prices re-aligning with fundamental prices. The convertible arbitrage strategy as a whole has enjoyed a strong quarter as risk appetite has started to return. Additionally volatility strategies have proved beneficial. Single stock volatility trading has also been profitable as markets started to focus on specific factors rather than macro headlines. The variable equity style started off January in the negative territory but ended the quarter on a strong note. Positive contributions came from managers that ran with more net long exposure to Asian and European markets, specifically in the industrial and financial sectors.

Three months ended December 31, 2008:

During the three month period ended December 31, 2008, trading by the AHL Diversified Program in all sectors contributed to performance, led by strong gains from currency and bond markets. Lingering concerns over the sustainability of the global banking system, worldwide recessionary fears, talk of deflation and severe risk aversion were all issues that made this period a challenging investing environment. However, amid this testing environment many financial markets exhibited strong trending behavior. Trading in base metals enjoyed a

profitable quarter. Short positions were held for the majority of markets traded and trading in precious metals finished the quarter relatively flat. Trading in energy markets posted significant gains. Positions held within the agricultural sector posted a profit over the quarter as all but one contract contributed positively to overall performance. Government bond markets generally rallied throughout the quarter as the economic outlook worsened. Trading in stock indices also posted a gain over the period. Short positioning in almost all markets traded contributed positively to overall performance while interest rate trading enjoyed a profitable quarter, contributing strong gains despite a relatively small allocation. Strong trends emerged in interest rate markets as it became apparent that central banks around the globe would respond to the growing economic crisis and increasing talk of deflationary pressures by aggressively slashing interest rates. Trading in currency markets posted a strong return, ending the quarter as the largest contributor to profits. One of the key trades this quarter was short British pound positions against the US dollar and Euro. The dollar was viewed by investors as a safe haven currency and as such attracted a huge amount of buying interest.

During the three month period ended December 31, 2008, the Man-Glenwood Funds’ commodity and macro managers posted mixed results with the bulk of losses stemming from a difficult October which saw extreme price movements across all asset classes. The equity hedge style posted a positive return for the quarter. Volatility spiked to a record high 80% on October 27 before closing around 60%. Event driven managers have had a difficult time this year, as this style tends to move in sympathy with the equity markets. Activist managers were largely down in the quarter. The relative value style posted negative performance overall. Gloomy economic data set the tone for continued falling government bond yields as central banks maintained their policy of aggressively cutting rates. Variable equity managers posted negative returns for the quarter. Losses from long-biased thematic managers offset any gains. The majority of the distressed and credit managers posted negative returns for the quarter. The best performing manager posted consistently positive performance through the quarter. This was largely attributable to net short positioning.

Three months ended September 30, 2008:

During the three month period ended September 30, 2008, trading by the AHL Diversified Program in the agricultural sector produced a small loss. However, short positions in cotton and wheat profited over the quarter. Gains, however, were more than offset by long positions in corn and soybeans after both suffered severe price declines after reaching record highs. The grain market also came under increasing pressure as the US dollar rebounded over the period. Bond trading posted a loss over the third quarter. Euro Bond and UK Gilt positions posted the majority of their losses in July as short positions struggled. European Bond prices ticked upwards as economic data continued to indicate that the European economy as a whole was under pressure. Positions in Japanese bonds posted a solid gain in August, but in September this gain was reversed and additional losses occurred. Long Australian bonds achieved strong profits in August. The currency component incurred a loss over the reporting period. Long positions in the euro against the US dollar detracted from performance as the US dollar increased against the euro. Long positions in the Australian dollar against the US dollar were also among the main detractors. Short positions in the Japanese yen against the US dollar also proved detrimental to overall performance. Long positions in the euro against the Swiss franc and the British pound posted further losses as the European single currency weakened significantly. Further positive contributions came from short positions in the Swiss franc against the US dollar as the US currency strengthened over the course of the reporting period. Trading within the energy sector posted a sharp decline in the 3rd quarter of 2008 as all markets posted losses. Natural gas prices fell by almost 50% over the period. Reports from the US Energy Department highlighted an increase in inventories as the economic picture continued to deteriorate, reducing demand. Interest rate positions posted a loss over the quarter. Trading in Euribor contracts was the main source of negative returns as prices remained volatile and without a clear trend for the majority of the quarter. On the positive side, long positions in Australian T-Bills posted solid gains in August and September. Metal trading posted a loss over the period. Although initially profiting, gains reversed into losses after prices tumbled over the majority of July. Long copper positions generated further losses in August as recessionary fears deepened. On the positive side, short nickel trades performed well. Short positions in numerous stock indices provided strong profits over the period after global equities fell sharply as the credit crisis continued to deepen and spill over into the wider economy. Returns were mainly accrued from Asia-Pacific indices such as the Nikkei 225, TOPIX and Hang Seng after they experienced some of the greatest falls over the quarter. Short positions in the S&P 500 index also harvested profits over the period.

~~Item~~During 8the three month period ended September 30, 2008, the Man-Glenwood Funds’ commodity & macro managers posted losses. ~~Financial Statements~~ The sell-off in commodities that began in July continued throughout the quarter. Market volatility reached historic highs at quarter-end as technical pressures and ~~Supplementary Data~~ unprecedented government interventions seemed to only aggravate already poor market conditions. Strong reversals (in terms of speed and magnitude) in equities, currencies, fixed income and commodities throughout September had a significant negative effect on most managers’ performance. The majority of positive returns were generated from relative value trades early in the quarter with their defensive posture helping to preserve capital as the markets deteriorated. However, the government ban on short selling prevented the short common equity from hedging losses from the long trust preferreds. Equity hedge managers also had a difficult quarter, posting negative returns across the board with the exception of our dedicated short sellers. Event driven and activist managers have had a difficult year so far and the third quarter was no exception. Overall, the relative value allocation underperformed. Convertible arbitrage managers suffered the most due to continued credit concerns and very limited liquidity. One multi-strategy manager benefited from the relative performance of specific stock positions in their relative value, special situations and merger arbitrage trades and posted strong positive performance for the quarter. Performance for variable equity managers was largely negative for the quarter (most losses came in September).

~~Financial~~Three ~~statements~~months ~~required by this item, including the report of Deloitte & Touche LLP for the fiscal year~~ ended ~~March~~June 3130, ~~2007 and for the period April 14, 2005 (date of inception) through March 31, 2006 are set forth below.~~2008:

~~REPORT~~During OFthe ~~INDEPENDENT~~three ~~REGISTERED~~month ~~PUBLIC~~period ~~ACCOUNTING~~ended ~~FIRM~~June 30, 2008, the agriculturals component of the AHL Diversified Program returned a profit as long positions in corn led performance. Short positions in wheat incurred losses after the commodity rallied in June. Long positions in cocoa made gains, predominantly in June. Bond trading posted a loss as gains in European bonds were offset by losses in Japanese government bonds and US Treasuries. Short positions in Euro-Bund, Euro-Schatz and Euro-BOBL profited. However, losses in April affected returns after long Japanese bonds experienced a large-scale sell-off as annual inflation hit a 10-year high. Later in the period, short positions in Japanese bonds suffered as yields fell. Trading in US Treasuries was also negative as a choppy environment led to losses in both long and short positions. Currency trading finished the quarter flat as gains from long Brazilian real and Australian dollar trades against the US dollar were offset by losses realized from short Japanese yen and British pound positions against the US dollar as well as unfavorable results from Swiss franc trading against the US dollar. Trading within the energy sector secured the largest gains over the 2nd quarter of 2008 as all markets posted gains. Long natural gas positions also added strong profits over the quarter as prices rose 31%, peaking at US $13.353. Long positions in other crude oil distillates such as RBOB gasoline, heating oil and gas oil also posted strong profits over the quarter. Interest rates trading performed well, driven by short positions in Euribor and Short Sterling contracts, although towards the end of the quarter short positions in Eurodollar contracts produced losses. Metals trading posted a flat return. Base metals contributed profits with long positions in copper and aluminum paying off well, while short positions in zinc supported well. However, precious metals offset gains after long gold trades suffered from a drop in prices to around US $850 at the beginning of May. Towards the end of the period, gold started to recover. Stock trading incurred a loss, with trades in the Nikkei 225 and Topix 100 indices proving to be the main detractors to performance. Short equity positions, particularly in the Japanese indices mentioned above, suffered in April and May. However, in June, global equities plummeted. As a result long positions in a number of headline bourses, such as the Nasdaq 100, detracted from performance.

ToDuring the three month period ended June 30, 2008, the Man-Glenwood Funds’ commodity ~~Managing~~& ~~Member~~macro managers posted a strongly positive return. The top performing distressed and credit manager has consistently generated positive performance in a variety of strategies and geographies over the quarter. Equity hedge managers generally posted a profit for the quarter, with the exception of one manager that underperformed in June. A dedicated short seller, finished the quarter in positive territory rebounding from earlier losses. A Japan-focused, market neutral manager has consistently generated solid performance throughout the quarter; both of their sub-trading styles (e.g., fundamental and flow-oriented) contributed. Event driven manager performance was mixed generating a slightly positive overall return at the style level. The general tone of the market was negative and US event managers have been slow to increase gross and net exposures in this environment. An activist manager suffered losses in consumer-oriented positions but maintains high conviction in these holdings. Several managers suffered in June offsetting gains from the beginning of the quarter. One thematic, “friendly” activist manager made major gains in beginning of the quarter on their alternative energy and engineering & construction holdings (these positions gave up some gains in June but the manager is still up around 25% on the quarter). Positive relative value performance for the quarter was driven largely from one convertible arbitrage manager. Variable equity managers posted mixed, but overall positive, performance.

Man-AHL 130, LLC:

We have audited the accompanying statements of financial condition of Man-AHL 130, LLC (the "Company") as of March 31, 2007 and 2006, and the related statements of operations, changes in member’s equity and cash flows for the year ended March 31, 2007 and for the period April 14, 2005 (date of inception) through March 31, 2006. These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, such financial statements present fairly, in all material respects, the financial position of the Company as of March 31, 2007 and 2006, and the results of its operations, its changes in member’s equity, and its cash flows for the year ended March 31, 2007 and for the period April 14, 2005 (date of inception) through March 31, 2006, in conformity with accounting principles generally accepted in the United States of America.

Deloitte & Touche LLP

Chicago, Illinois

June 15, 2007

MAN-AHL 130, LLC
(A Delaware Limited Liability Company)
STATEMENTS OF FINANCIAL CONDITION
	March 31, 2007	March 31, 2006
ASSETS
CASH	$ 10,000	$ 10,000
TOTAL	$ 10,000	$ 10,000
LIABILITIES AND MEMBER'S EQUITY
LIABILITIES	$ -	$ -
MEMBER'S EQUITY	10,000	10,000
TOTAL	$ 10,000	$ 10,000
See notes to financial statements.

Three months ended March 31, 2008:

During the three month period ended March 31, 2008, Man-AHL 130’s trading within agricultural markets made gains across the majority of contracts, with corn trading providing the largest contribution. Soy-based products rose to record highs during February, although March saw a retraction in prices, paring earlier gains from long positions. Bond trading accrued profits as Japanese bonds and US Treasuries led the way. Currency trading contributed excellently during the period. Long positions in various currencies, in particular the euro and the Swiss franc, against the US dollar proved highly beneficial. Energy delivered a solid profit for the quarter. Long positions in crude oil were beneficial, with prices closing at a then record high of US$110.33 per barrel on March 13, 2008. Long positions in distillate products such as gas oil and heating oil produced profit. Precious metals trading made a solid profit as long positions in gold, silver and platinum made gains. Positive trading in copper offset losses from aluminium. Trading in short-term interest rates posted a firm gain over the first quarter despite market volatility. Long positions in Eurodollar and Euribor contracts posted the largest part of gains. However, these earlier gains were reduced in the latter part of the quarter. Stock market trading posted a gain over the quarter, with short positions in the Nikkei, TOPIX and S&P 500 proving particularly fruitful. Short exposure to European markets such as the Euro Stoxx, CAC40 and Dax also contributed to gains. However, some profits were reversed as indices rose higher at the end of March 2008.

During the three month period ended March 31, 2008, the Man-Glenwood Funds’ commodity and macro managers posted a profit over the first quarter. Over the course of the quarter, managers gave back earlier gains. Returns for equity hedge managers reflected the high levels of dispersion in the equity markets; ranging from -2.1% in a Japan-focused manager to +9.0% in a US focused short-only manager. European managers that posted positive returns achieved this mainly through sector positioning and stock picking (financials and consumer shorts and longs in resource companies were top gainers). Asia focused managers that were successful actively traded their portfolios. Notwithstanding some positives in the quarter, overall performance in this style was negative. During the fourth quarter of 2007, despite the overall negative performance by event driven managers, a handful of activist managers did find mild success, and performance in the relative value style was driven largely by the performance of one manager that focused on relative value within the residential mortgage-backed securities (RMBS) space. Variable equity posted a negative return over the quarter. The first quarter of 2008 proved to be one of the most turbulent in history for the credit markets, with managers in the distressed & credit arena largely posting losses for the product. Managers with a net short bias profited from investors liquidating positions, while long exposure to leverage loan deals and equities negatively impacted performance. Of note, short positions in sub-prime mortgages and banks returned strongly, but these gains were more than offset by indiscriminate selling in various areas of the market.

Three months ended December 31, 2007:

During the three month period ended December 31, 2007, Man-AHL 130’s trading within agricultural markets posted positive returns, with significant gains recorded from soybeans and corn. In October, agriculturals experienced a slight loss as long positions in wheat suffered. Strong performance in November was driven by long trades in soybeans. Strong performance continued in December, driven by soy products and corn. Trading in bonds made a positive contribution to Man-AHL 130’s performance. US Treasury bonds and Japanese bonds delivered positive returns, while Eurobonds negatively impacted performance. A general switch into long positions in US Treasury bonds was costly at first but proved particularly fruitful in November. Japanese bonds appreciated in similar fashion over November. Currency trading posted strong returns during the final quarter of 2007. Strong trends re-emerged following the turmoil of the third quarter, which Man-AHL 130 was able to capture. Long euro positions versus the US dollar and British pound performed well during the period. Further profits came from long Swiss franc positions against the US dollar. Long Canadian dollar trades versus the US dollar also produced gains. Trading in the energy sector accrued significant profits. Substantial gains were experienced from long crude oil, heating oil and gas oil positions. However, in November, crude oil and other distillate products incurred losses after prices dropped over the final week of the month. Short positions in natural gas lifted performance in November. In December, performance was once again positive, with a rise in the price of crude oil and other distillate products offsetting losses in natural gas. Man-AHL 130’s metal trading posted a profit during the period with long positions in gold making excellent gains. Trading in short-term interest rates posted a firm gain over the fourth quarter, with

MAN-AHL 130, LLC
(A Delaware Limited Liability Company)
STATEMENTS OF OPERATIONS
		For the Period
		April 14, 2005
		(date of inception)
	Year ended	through
	March 31, 2007	March 31, 2006
INVESTMENT INCOME	$ -	$ -
EXPENSES	-	-
NET INVESTMENT INCOME	-	-
REALIZED AND UNREALIZED GAIN ON INVESTMENTS	-	-
NET INCOME	$ -	$ -
See notes to financial statements.

Eurodollar and short Sterling contracts contributed most to profits over the period. Finally, stock market trading posted a loss over the quarter, with long positions in the Nasdaq 100 and Euro-Stoxx index the leading detractors.

During the three month period ended December 31, 2007, the performance for the Man-Glenwood Funds’ commodity & macro managers was strongly positive. In October, managers benefited from a sharp decline in the US dollar relative to most G7 and emerging market currencies. Managers that performed strongly mid-quarter benefited from tactical oil and metals positions as well as yield curve steepening trades. Managers largely benefited from the increase in currency, equity and interest rate volatility as well as from tactical long positions in oil, gold and agricultural commodities. Equity hedge manager returns were widely dispersed over the quarter, although the majority of managers ended in positive territory. The volatile, high dispersion environment was beneficial for stock pickers, with managers who had a trading component within their strategy able to generate positive alpha, opportunistically. This dispersion theme continued in the fourth quarter with event driven managers generating a wide range of returns, although final returns were positive. A manager focused on a variety of energy related themes posted strong quarter-end performance, recovering from mid-quarter losses. Elsewhere, an activist manager profited from short positions in financials and monolines. In relative value, significant gains for the quarter were generated by one manager with a distinctly short-credit bias specializing in lower rated tranches of sub-prime and other mortgage-related debt. Gains for the quarter were offset by another manager’s December losses, primarily driven by broken merger deals. Quarter returns for variable equity were negative as performance from long-biased managers, regardless of the region, offset gains elsewhere. As sub-prime related write-downs gradually emanated through newswires, long positions in financial names were affected, while the ensuing flight from risk saw cyclical sector stocks sold off in preference for defensive stocks, also to the detriment of our managers. Distressed & credit performance was driven largely by one manager that took out short positions in financial services companies including broker-dealers. Finally, additional gains were made from short holdings in sovereign debt, commercial mortgages and consumer/retailers stocks.

Three months ended September 30, 2007:

During the three month period ended September 30, 2007, trading by the AHL-Diversified Program in the agricultural sector produced positive returns, led by strong returns from long positions in wheat. Trading in soy beans and soy meal added further gains while most other agricultural contracts traded close to flat over the period. Bond sector trading resulted in losses as bond yields trended almost uniformly lower over the period. Short positions in Australian bonds proved costly at the beginning of the period, while a long bias in Eurobond contracts also struggled towards the end of the quarter. Japanese bond trading delivered positive results. Trading in currencies was slightly negative for the quarter. Initially, strong profits accrued as short positions in the US dollar against a variety of currencies were beneficial. The energy sector produced solid returns in the quarter. The principal driver behind performance came from long holdings in crude oil futures contracts. Elsewhere, modest gains were made in short natural gas and long gas oil positions. The metals complex was dominated by long positions in gold. Elsewhere, trading in silver and copper was flat while long nickel positions detracted from performance. Trading in the short-term interest rate market was profitable and relatively stable throughout the quarter. Slight losses came from long positions in short sterling and euribor contracts. Long positions in Eurodollar contracts proved effective. Trading within the stock sector detracted somewhat from performance over the quarter as indices saw considerable volatility. Positions in the Japanese Nikkei 225 detracted from performance along with positions in the US markets including positions in the S&P 500 index. Hong Kong’s Hang Seng index rose, benefiting long positions.

For the three-month period ended September 30, 2007, the commodity & macro style pursued by the Man-Glenwood Funds posted a positive return despite difficult market conditions. Key drivers of positive returns were long positions in equities and commodities toward the end of the period as well as short positions in US mid-cap equities and long volatility earlier in the period. Reversals in FX markets and fixed income exposure detracted from performance. The equity hedge style contributed positively over the period. Long equity trades, particularly in Asian developing market equities, yielded strong returns. Some managers showed losses in August, but most were able to pare losses as markets rebounded. The event driven style produced losses despite a strong finish to the quarter. Losses were realized primarily during the middle of the period. Merger arbitrage strategy suffered, but ended the period well. The relative value style generated positive returns, primarily by short credit biased managers, despite mid-period losses. Despite gains in September, variable equity managers ended down, posting negative returns early in July into mid August. Long positions in financials, US homebuilders and steel as well as Japanese

MAN-AHL 130, LLC
(A Delaware Limited Liability Company)
STATEMENTS OF CHANGES IN MEMBER’S EQUITY
MEMBER’S EQUITY—April 14, 2005 (date of inception)	$ -
CAPITAL CONTRIBUTION	10,000
MEMBER’S EQUITY—March 31, 2006	$ 10,000
CAPITAL CONTRIBUTION	-
MEMBER’S EQUITY—March 31, 2007	$ 10,000
See notes to financial statements.

consumer equities were the most costly. Managers were, however, able to recover later in the quarter. Lastly, the distressed and credit style was close to flat over the period.

Three months ended June 30, 2007:

During the three month period ended June 30, 2007, performance of the AHL Diversified Program in the agriculturals sector was relatively flat until the final few weeks of the period where it made a small loss. Trading performance was dominated by long positions in soybeans and soy oil. Positions in corn and wheat performed negatively. Trading in the bond sector made a positive contribution to Man-AHL 130’s performance. The leading trade was a short position in US Treasuries. Short trades in Euro Bund and UK Gilts also returned profitably. The currency sector generated excellent returns over the period as a short position in the Japanese yen against the US dollar powered profits. A long position in the Canadian dollar against the US dollar performed well. Trading in the energy sector resulted in a modest loss during the period. Short positions in crude oil were unprofitable. Natural gas was a positive contributor. The metals complex posted the largest negative return, albeit a relatively minor one, as nickel continued its fall from May's record high. Long positions in the precious metals, gold and silver, generated slight losses. Short-term interest rate trading was profitable as gains were accrued via a three pronged attack which featured short trades in Euribor, Short Sterling and Eurodollar contracts. Finally, trading within the stock sector proved beneficial as indices endured a rather volatile period but ended up over the three months. Long positions in the DAX 30 and S&P 500 indices were strong contributors to, while the Japanese Topix and Nikkei 225 composites slightly detracted from, performance.

During the three month period ended June 30, 2007, the commodity and trading style pursued by the Man-Glenwood Funds posted a strong return over due to significant currency moves in the US dollar, euro and British pound. Strengthening in some metals provided solid opportunities for global macro, trend following and discretionary trading managers, while short US and European bond trades proved profitable. The equity hedge style generated a positive return. In the U.S., specific trades in technology, telecom, financial services and steel sectors performed well. In Europe, a positive deal environment generated strong returns in both long and short books across the financials and technology areas. Emerging market names, particularly in the internet, telecom, advertising, and software sectors were also positive contributors. The event driven style generated strong performance early and mid-quarter. In April and May, merger and acquisition activity surged in both the US and Europe providing an abundance of opportunities. By quarter end, volatility within the credit markets spilled over into equities and adversely impacted merger arbitrage spreads. Relative value style performance was primarily driven by capital structure arbitrage, credit arbitrage, and multi-strategy managers early in the second quarter. Towards quarter end, deteriorating conditions within the sub-prime mortgage market allowed several managers to profit, as they positioned their portfolios in anticipation of such an event. In the U.S., positions in steel manufacturers, engineering companies, homebuilders, cyclicals, transportation, consumer retail, materials, financials and targets of acquisitions by private equity groups were significant performance drivers for US variable equity managers. Elsewhere, European, Japanese and Asian ex Japan managers also contributed to performance. Finally, the distressed and credit style posted a gain over the quarter. Credit markets performed well early in the quarter. From mid-quarter through quarter-end, and despite high yield credit spreads widening, managers benefited from security-specific positions that traded higher as a result of certain catalysts that were realized.

Item 7A. Quantitative and Qualitative Disclosures About Market Risk

Not required.

Item 8. Financial Statements and Supplementary Data

Financial statements required by this item, including the report of the independent registered accounting firm for the fiscal years ended March 31, 2009 and 2008 are included as Exhibit 13.01 to this report and incorporated by reference into this Item 8.

The following summarized quarterly financial information presents the results of operations of the Class A Units for the three month periods ended June 30, September 30, December 31 and March 31 during the fiscal years for which Man-AHL 130 was in operation. This information has not been audited. The Class B Units commenced operations as of April 1, 2008.

MAN-AHL 130, LLC
(A Delaware Limited Liability Company)
STATEMENTS OF CASH FLOWS
		For the Period
		April 14, 2005
		(date of inception)
	Year Ended	through
	March 31, 2007	March 31, 2006
CASH FLOWS FROM FINANCING ACTIVITIES —
Capital contribution	$ -	$ 10,000
Net cash provided from financing activities	-	10,000
NET INCREASE IN CASH	-	10,000
NET CASH—Beginning of period	10,000	-
NET CASH—End of period	$ 10,000	$ 10,000
See notes to financial statements.

Class A Series 1 Units

Period Ended:	September 30 2007	December 31 2007	March 31 2008
Interest Income:	$812	$1,134	$1,357
Net Realized and Unrealized Gains (Losses):	$3,185	$14,491	$50,077
Expenses:	$1,955	$5,414	$14,692
Net Income (Loss):	$2,043	$10,212	$36,742
Increase (Decrease) in Net Asset Value per Unit	$1.70	$5.91	$27.52

Period Ended:	June 30 2008	September 30 2008	December 31 2008	March 31 2009
Interest Income:	$1,538	$2,252	$1,823	$764
Net Realized and Unrealized Gains (Losses):	$33,058	($98,905)	$178,466	($53,154)
Expenses:	$11,208	$6,260	$31,701	$10,160
Net Income (Loss):	$23,388	($102,913)	$148,588	($62,550)
Increase (Decrease) in Net Asset Value per Unit	$5.56	($19.22)	$23.26	($9.94)

Class A Series 2 Units

Period Ended:	June 30 2007	September 30 2007	December 31 2007	March 31 2008
Interest Income:	$113,383	$105,078	$99,125	$77,542
Net Realized and Unrealized Gains (Losses):	$2,370,435	$26,004	$1,361,161	$2,856,496
Expenses:	$635,393	$202,688	$434,346	$777,160
Net Income (Loss):	$1,848,425	$(71,606)	$1,025,940	$2,156,875
Increase (Decrease) in Net Asset Value per Unit	$12.32	$(0.48)	$6.84	$14.39

Period Ended:	June 30 2008	September 30 2008	December 31 2008	March 31 2009
Interest Income:	$67,771	$64,209	$46,358	$15,919
Net Realized and Unrealized Gains (Losses):	$1,260,082	($2,902,835)	$4,537,777	$(1,092,739)
Expenses:	$403,723	$122,311	$738,008	$156,337
Net Income (Loss):	$924,130	($2,960,937)	$3,846,127	$(1,233,157)
Increase (Decrease) in Net Asset Value per Unit	$6.04	($19.08)	$24.08	($9.71)

~~MAN-AHL~~Class B ~~130,~~Series ~~LLC~~1 Units

(A Delaware Limited Liability Company)

Period Ended:	June 30 2008	September 30 2008	December 31 2008	March 31 2009
Interest Income:	$6,290	$10,947	$12,223	$5,825
Net Realized and Unrealized Gains (Losses):	$120,101	($425,947)	$1,190,913	($405,234)
Expenses:	$44,411	$28,204	$214,607	$77,862
Net Income (Loss):	$81,980	($443,204)	$988,529	($477,271)
Increase (Decrease) in Net Asset Value per Unit	$5.26	($18.58)	$23.33	($9.91)

~~NOTES TO~~Class ~~FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2007, AND FOR THE PERIOD~~B ~~APRIL~~Series ~~14,~~2 ~~2005 (DATE OF INCEPTION) THROUGH MARCH 31, 2006~~Units

1. ORGANIZATION

Period Ended:	June 30 2008	September 30 2008	December 31 2008	March 31 2009
Interest Income:	$9,934	$14,648	$14,465	$6,998
Net Realized and Unrealized Gains (Losses):	$186,195	($590,936)	$1,401,501	($483,321)
Expenses:	$60,187	$25,817	$233,700	$68,913
Net Income (Loss):	$135,942	($602,105)	$1,182,266	($545,236)
Increase (Decrease) in Net Asset Value per Unit	$5.74	($18.43)	$24.15	$(9.68)

~~Man-AHL~~There ~~130,~~were ~~LLC~~no ~~(the~~extraordinary, ~~“Company”)~~unusual isor ainfrequently ~~Delaware~~occurring ~~limited~~items ~~liability~~recognized ~~company~~in ~~designed as a~~any ~~structured~~quarter ~~managed~~within ~~futures~~the ~~product~~two ~~which~~most ~~offers~~recent ~~investors~~fiscal ~~enhanced yield and diversification benefits~~years. ~~The Company was formed on April 14, 2005.~~ ~~The~~There ~~Company~~have ~~was~~been ~~funded with an initial $10,000 investment from~~no ~~Man~~year-end ~~Investments~~adjustments ~~(USA)~~that ~~Corp.~~are ~~(“MI~~material ~~USA”),~~to ~~its~~the ~~managing~~results ~~member,~~of onany ~~May~~fiscal ~~10,~~quarter ~~2005~~reported above.

On June 28, 2005, the Company filed a registration statement under the Securities Act of 1933 (the “1933 Act”) which registration statement was subsequently amended. On February 1, 2007, the Company’s registration statement was declared effective by the SEC.

The Company expects to invest the majority of its capital into a managed futures program (the “AHL Diversified Program”). The Company’s objective in investing in the AHL Diversified Program is to recognize substantial profits while achieving diversification, as this program has had historically low correlation to traditional stock and bond portfolios. Additionally, the Company expects to invest a portion of its capital in one or both of the following registered investment companies: Man-Glenwood Lexington, LLC and Man-Glenwood Lexington TEI, LLC (collectively, “Man-Glenwood”). The Company will account for its investment in Man-Glenwood on an equity basis, including only the net asset value of such investment in the Company’s financial statements.

The Company’s managing member is MI USA, a Delaware corporation. MI USA is registered with the CFTC as a commodity pool operator and a commodity trading advisor, and is a member of the NFA. MI USA is also registered with the SEC as an investment adviser. MI USA is a subsidiary of Man Group plc, a diversified global financial services firm listed on the London Stock Exchange.

Man-AHL (USA) Limited manages the AHL Diversified Program. Man-AHL (USA) Limited is an affiliate of MI USA and a member of Man Group plc. Man-AHL (USA) Limited is registered with the Commodity Futures Trading Commission (“CFTC”) as a commodity trading advisor and is a member of the National Futures Association (“NFA”), in addition to registration with the Financial Services Authority in the United Kingdom.

The AHL Diversified Program clears its futures and forward trades exclusively through Man Financial Inc. and its affiliates (“Man Financial”), which are affiliates of MI USA, Man-AHL (USA) Limited and a member of Man Group plc.

Glenwood Capital Investments, L.L.C. (“GCI”) acts as an administrator to Man-Glenwood. GCI is an Illinois limited liability company and is registered with the CFTC as a commodity pool operator and commodity trading advisor and is a member of the NFA. GCI is also registered with the SEC as an investment adviser. GCI is an affiliate of MI USA, Man-AHL (USA) Limited and Man Financial, and is a subsidiary of Man Group plc.

Man-Glenwood achieve their investment objective through an investment in Man-Glenwood Lexington Associates Portfolio, LLC (the “Portfolio Company”), which allocates its capital among a series of “sub-funds.” GCI acts as an investment adviser to the Portfolio Company in addition to the services it provides to Man-Glenwood.

Man Investments Inc. (“MII”), an affiliate of MI USA, Man-AHL (USA) Limited, Man Financial and GCI, and a subsidiary of Man Group plc, will act as the Company’s selling agent.

The Company will pay MI USA a management fee at the rate of 0.75% per annum on the month-end net asset value of all outstanding units determined as of the end of each month (before the redemption of any units) and payable quarterly in arrears. The Company will pay Man-AHL (USA) Limited a management fee of 2% per annum on the notional value of Company’s allocation to the AHL Diversified Program (the “AHL Account”), which approximates the Company’s net asset value, calculated and paid monthly. In addition, Man-AHL (USA) Limited will be entitled to a monthly incentive fee of 20% of any “new net profits” attributable to the net asset value of the AHL Account, subject to a “high water mark.”

GCI receives a management fee of 1.75% of net assets per annum for investment advisory services provided to the Portfolio Company, calculated monthly and paid quarterly. Additionally, GCI receives an administrative fee of 0.25% of net assets per annum for administrative services to each Man-Glenwood fund, calculated monthly and paid quarterly.

MII receives an investor servicing fee of 0.50% of net assets per annum for the provision of investor services to Man-Glenwood, calculated monthly and paid quarterly.

The Company will pay MII a 1.25% per annum client servicing fee, calculated monthly and paid quarterly in arrears, on the month-end net asset value of certain units, subject to a maximum commission receipt to MII of 10% of the subscription price of each unit.

The Company has entered into an administration agreement with an independent third party to provide various services (such as administration, accounting, valuation, tax reporting and investor servicing). The cost of these services is currently estimated at 0.50% of net assets per annum.

The Company will not begin to accrue these fees until trading operations commence.

The Company currently intends to accept initial subscriptions for units during an initial offering period. After the Company begins operations, units will be offered on the first day of each month. Redemptions will be accepted quarterly, with a 45-day notice period. No more than 15% of the Company’s total outstanding units may be redeemed as of any given calendar quarter-end. If quarter-end redemptions are requested for more than 15% of the Company’s total then outstanding units, each redemption request will be pro rated so that no more than 15% of the Company’s total then outstanding units are redeemed. In the event that the Company receives redemption requests in excess of such 15% limitation for eight consecutive quarters, the Company will cease its trading and investment activities and will terminate as promptly as possible.

2. SIGNIFICANT ACCOUNTING POLICIES

The Company’s financial statements are prepared in conformity with accounting principles generally accepted in the United States of America. The preparation of financial statements requires the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the period. Actual results could differ from those estimates.

The Company will value its Man-Glenwood investment at its net asset value, which approximates fair value, as provided by each Man-Glenwood fund.

The Company will record its transactions in futures and forward contracts, including related income and expenses, on a trade date basis. Open futures contracts traded on an exchange will be valued at market, which is based on the closing settlement price on the exchange where the futures contract is traded by the Company on the day with respect to which the Company’s net assets are being determined. Open forward contracts traded on the interbank market will be valued at their settlement price on the day with respect to which the Company’s net assets are being determined.

MI USA, or an affiliate, assumed organizational and offering costs of $55,000 and $462,785, respectively for the year ended March 31, 2007. MI USA, or an affiliate, assumed organizational and offering costs of $67,400 and $651,600, respectively for the period April 14, 2005 (date of inception) through March 31, 2006.

3. PARTNERSHIP TAXES

Upon the admittance of a second member, the Company will be treated as a partnership for federal income tax purposes. As such, members are individually liable for the taxes on their share of the Company’s income or loss.

4. CAPITAL STRUCTURE

The Company expects to offer two classes of units of limited liability company interests (either Class A or Class B “Units”). These classes have substantially identical trading portfolios except that Class A Units are offered to taxable investors and invest in Man-Glenwood Lexington, LLC and Class B Units are offered to tax-exempt investors and invest in Man-Glenwood Lexington TEI, LLC. Additionally, separate series within each class will be issued to taxable and tax-exempt investors who participate in selling agent or registered investment advisor fee based investment or advisory programs. These series will not be subject to the investor servicing fee.

Each series of Units of each Class will be issued initially at $100 per Unit. Class A Units will commence operations on or about April 1, 2007. The initial offering period for Class B Units will end June 30, 2007, subject to extension until September 30, 2007, or earlier termination as designated by the Managing Member provided that Man-AHL 130 has received subscriptions for at least 10,000 Class B Units. If subscriptions for at least 10,000 Class B Units have not been received during the initial offering period for such Units, the offering of the Class B Units will be terminated and subscription proceeds, together with any interest earned thereon, will be returned to the subscribers within five business days of the termination date. Class B units will commence operations once the minimum amount of subscriptions for Class B Units has been received by Man-AHL 130; provided, however, that if less than 100 investors have subscribed for Class B Units during the initial offering period for such Units, the Managing Member may elect to terminate the offering of such Units, in which case Class B Units will not be issued, subscribers will be notified and subscription funds will be returned as above. Following the initial issuance of a series’ Units, Units will be issued at the Net Asset Value per Unit of such series as of each month-end.

5. SUBSEQUENT EVENTS

Subsequent to March 31, 2007, MI USA contributed $14.99 million to the Company, which commenced trading on April 2, 2007. Upon commencement of trading, MI USA was issued 150,000 Class A Units at $100 per Unit.

6. NEW ACCOUNTING PRONOUNCEMENTS

In June 2006, the Financial Accounting Standards Board (“FASB”) issued FASB interpretation 48 (“FIN 48”), “Accounting for Uncertainty in Income Taxes.” This standard defines the threshold for recognizing the benefits of tax-return positions in the financial statements as “more-likely-than-not” to be sustained by the taxing authority and requires measurement of a tax position meeting the more-likely-than-not criterion, based on the largest benefit that is more than 50 percent likely to be realized. FIN 48 is effective as of the beginning of the first fiscal year beginning after December 15, 2006. At adoption, companies must adjust their financial statements to reflect only those tax positions that are more-likely-than-not to be sustained as of the adoption date. As of March 31, 2007, the Company does not believe there will be a material impact as a result from adopting FIN 48.

In September 2006, the FASB issued Statement on Financial Accounting Standards (“SFAS”) No. 157, “Fair Value Measurements.” This standard establishes a single authoritative definition of fair value, sets out a framework for measuring fair value and requires additional disclosures about fair value measurements. SFAS No. 157 applies to fair value measurements already required or permitted by existing standards. SFAS No. 157 is effective for financial statements issued for fiscal years beginning after November 15, 2007 and interim periods within those fiscal years. The changes to current generally accepted accounting principles from the application of SFAS No. 157 relate to the definition of fair value, the methods used to measure fair value, and the expanded disclosures about fair value measurements. As of March 31, 2007, the Company does not believe the adoption of SFAS No. 157 will impact the amounts reported in the financial statements, however, additional disclosures may be required about the inputs used to develop the measurements and the effect of certain of the measurements reported on the statements of operations for a fiscal period.

******

Man-AHL 130 had not yet commenced trading operations at March 31, 2007. Therefore, there is no material selected quarterly financial data responsive to Item 302 of Regulation S-K to report.

Item 9. Changes in and Disagreements with Accountants

on Accounting and Financial Disclosure

None.

Item 9A. Controls and Procedures

The Managing Member, with the participation of the Managing Member's principal executive officer and principal financial officer, has evaluated the effectiveness of the design and operation of its disclosure controls and procedures with respect to Man-AHL 130 as of the end of the fiscal year for which this Annual Report on Form 10-K is being filed, and, based on their evaluation, have concluded that these disclosure controls and procedures are effective. There were no significant changes in the Managing Member’s internal controls with respect to Man-AHL 130 or in other factors applicable to Man-AHL 130 that could significantly affect these controls subsequent to the date of their evaluation.

Item 9A(T). Controls and Procedures

~~Not~~The Managing Member, with the participation of the Managing Member’s principal executive officer and principal financial officer, has evaluated the effectiveness of the design and operation of its disclosure controls and procedures with respect to Man-AHL 130 as of the end of the fiscal year for which this Annual Report on Form 10-K is being filed, and, based on their evaluation, have concluded that these disclosure controls and procedures are effective. There were no significant changes in the Managing Member’s internal controls with respect to Man-AHL 130 or in other factors applicable to Man-AHL 130 that could significantly affect these controls subsequent to the date of their evaluation.

Changes in Internal Control over Financial Reporting

Section 404 of the Sarbanes-Oxley Act of 2002 requires the Managing Member to evaluate annually the effectiveness of its internal controls over financial reporting as of the end of each fiscal year, and to include a management report assessing the effectiveness of its internal control over financial reporting in all annual reports. There were no changes in Man-AHL 130’s internal control over financial reporting during the quarter ended March 31, 2009 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

Management’s Annual Report on Internal Control over Financial Reporting

The Managing Member is responsible for establishing and maintaining adequate internal control over Man-AHL 130’s financial reporting. Internal control over financial reporting is defined in Rules 13a-15(f) and 15(d)-15(f) under the Securities Exchange Act of 1934 as a process designed by, or under the supervision of, a company’s principal executive and principal financial officers and effected by a company’s board of directors, management and other personnel to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. The Managing Member’s internal control over financial reporting includes those policies and procedures that:

·	pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of Man-AHL 130’s assets;

provide reasonable assurance that transactions are recorded as necessary to permit preparation of Man-AHL 130’s financial statements in accordance with generally accepted accounting principles, and that Man-AHL 130’s receipts and expenditures are being made only in accordance with authorizations of the Managing Member’s management and directors; and

·	provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of Man-AHL 130’s assets that could have a material effect on Man-AHL 130’s financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

The Managing Member assessed the effectiveness of its internal control over financial reporting with respect to Man-AHL 130 as of March 31, 2009. In making this assessment, management used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) in Internal Control – Integrated Framework. Based on its assessment, management has concluded that, as of March 31, 2009, the Managing Member’s internal control over financial reporting with respect to Man-AHL 130 is effective based on those criteria.

This annual report does not include an attestation report of Man-AHL 130’s independent registered public accounting firm regarding internal control over financial reporting. The Managing Member’s report was not subject to attestation by Man-AHL 130’s independent registered public accounting firm pursuant to rules of the SEC that temporarily permit Man-AHL 130 only to provide the Managing Member’s report in this report.

Item 9B. Other Information

None.

PART III

Item 10. Directors, Executive Officers and Corporate Governance

(a,b) Identification of Directors and Executive Officers

Man-AHL 130 has no directors or executive officers. Man-AHL 130 is controlled and managed by the Managing Member, although the Managing Member delegates futures trading responsibility to its affiliate, AHL, and various administrative responsibilities to the Administrator. The Managing Member is responsible for maintaining the allocation percentages between the AHL Diversified Portfolio and the Man-Glenwood Funds as described herein.

2321

Man Investments (USA) Corp., a Delaware corporation, serves as Managing Member with broad oversight over the operations and affairs of Man-AHL 130. The Managing Member is registered with the CFTC as a commodity pool operator (“CPO”) and commodity trading advisor (“CTA”) and is a member of the NFA. The Managing Member is also registered as an investment adviser with the SEC. The Managing Member is a subsidiary of Man Group plc, which is listed on the London Stock Exchange and a constituent of the FTSE 100 index of leading UK stocks.

The principals and senior officers of the Managing Member as of March 31, ~~2007~~ 2009 are as follows:

~~John Kelly~~Andrew Stewart, born 10 4/1115/4674. Mr. ~~Kelly~~Stewart is ~~the President, Chief Executive Officer and~~ a Director of the Managing Member ~~and~~as ofwell ~~Man Investments~~as President, ~~which positions~~Chief heExecutive ~~has~~Officer ~~held~~and ~~since~~Chief ~~February~~Operating ~~2002~~Officer. ~~Mr.~~ ~~Kelly~~In isaddition ~~currently~~to ~~listed~~his affiliation with the ~~NFA as a principal of the~~ Managing Member, ~~and of Man Investments (as of February 2002)~~Mr. In ~~addition,~~Stewart he is ~~registered~~also ~~as an associated person of~~ the ~~Managing~~President ~~Member since February 2002~~ and ~~of Man Investments since~~ ~~March 2002. As~~ Chief ~~Executive~~Operating Officer, ~~Mr. Kelly is responsible for the day-to-day operations~~ of the ~~Managing Member and~~ Man Investments. Mr. ~~Kelly~~Stewart isjoined ~~also a member of~~ the ~~Board of Managers of~~Managing ~~the~~Member ~~Man-Glenwood~~in ~~Funds~~May ~~and the Portfolio Company. Since March 2006~~2008, ~~Mr.~~ ~~Kelly~~and is ~~also~~responsible ~~the~~for ~~Chairman~~overall supervision of the ~~Board~~Managing Member’s ofand Man Investments’ ~~(Canada)~~activities ~~Corp., a registered limited market dealer, investment counsel and portfolio manager based~~ in ~~Toronto,~~the ~~Ontario (Canada)~~U. MrS. ~~Kelly has over 19 years’ experience in investment management~~Mr. He ~~graduated~~Stewart ~~from~~works ~~Southampton College of~~closely ~~Technology~~with ~~and~~the ~~then went on to work for various industrial companies, attaining general manager and directorship positions~~U. ~~In 1978, Mr~~S. ~~Kelly~~management ~~joined a~~team, ~~business~~as ~~consultancy~~well ~~service~~ as athe ~~general~~intermediary ~~manager,~~sales ~~specializing~~team ~~in investment, finance~~ and ~~aviation in~~ the institutional ~~Gulf~~relationship ~~Region. In~~management ~~1987~~team, hebased ~~joined the Man Group as a Regional Manager~~ in ~~Bahrain~~Chicago ~~where~~and heNew ~~was responsible for~~York ~~negotiations~~respectively, ~~corporate~~to ~~finance~~develop ~~and~~strategic ~~marketing~~business ~~support~~planning. Mr. ~~for~~Stewart ~~specialist financial~~is ~~products~~registered ~~promoted~~as ~~jointly~~an ~~with~~associated ~~major~~person ~~institutions~~of in the ~~region. In 1991,~~Managing heMember ~~became the Sales~~ and ~~Marketing~~is ~~Director~~listed ofas ~~Man Investments and was~~a ~~responsible~~principal ~~for~~of ~~managing sales and marketing globally for~~ the ~~Man~~Managing ~~Group~~Member ~~until he moved~~as toof ~~the~~November ~~United~~4, ~~States in September 2001~~2008.

~~Michael Lozowski,~~Prior ~~born 9/4/53. Mr. Lozowski is Vice President and a~~to ~~Director~~joining of the Managing Member, ~~which~~in ~~position~~2008, heMr. ~~has~~Stewart held ~~since~~several ~~February 2002, and~~positions ~~will~~at bean investment ~~responsible~~management ~~for~~firm, ~~making~~Financial ~~the~~Risk ~~allocation~~Management’s ~~decisions~~(“FRM”) ofU.S. ~~Man-AHL~~affiliate, ~~130. In~~FRM ~~addition~~Americas, ~~since~~LLC, ~~February~~which ~~2002~~most recently, ~~Mr.~~until ~~Lozowski~~his ~~also~~departure isin ~~the~~May 2008, ~~Managing~~included ~~Director~~his position of ~~Man-AHL~~Director ~~(USA)~~— ~~Limited,~~Product ~~with~~Development ~~whom~~and heStrategy isand ~~listed~~was as a ~~Principal~~member ~~and~~of isFRM ~~registered~~Americas' asGlobal anMarketing ~~associated~~Board ~~person~~and asvarious ofother ~~May~~management ~~2003~~committees. Mr. ~~Lozowski~~Stewart iswas ~~also~~registered aas ~~Director~~an ofassociated ~~Man~~person ~~Investments~~of ~~Limited~~FRM ~~(“MIL”)~~America from October 18, an2005 ~~affiliated~~to UKApril ~~limited~~25, ~~liability~~2008, ~~company~~and ~~that~~was ~~acts~~listed as ana ~~investment~~principal ~~manager~~of ~~and~~FRM ~~CTA~~America tofrom ~~non-US~~October ~~persons. With~~13, ~~MIL~~2006 to July 30, Mr2007. At ~~Lozowski has~~various ~~particular~~times ~~responsibility~~from ~~for~~June ~~investment~~2005 ~~management. Prior~~ to ~~this~~January 2007, Mr. ~~Lozowski~~Stewart ~~was~~also aserved ~~Director~~as ~~and~~FRM ~~President~~Americas’ Head of ~~Man-AHL~~Business ~~(USA)~~Development, ~~Corp.~~General ~~from~~Counsel ~~February 1995~~ and ~~June~~Chief ~~1996,~~Compliance ~~respectively,~~Officer ~~through~~and was ~~July~~a ~~2005~~member ~~when~~of ~~Man-AHL~~FRM ~~(USA)~~Americas’ ~~Corp. dissolved. Mr.~~Board ~~Lozowski~~of ~~was~~Directors. ~~the~~Additionally, ~~Corporate~~between ~~Finance~~August 2003 ~~Director~~and ofJune ~~Man Management~~2005 AGhe ~~and~~held ~~affiliated~~various ~~companies~~management inpositions, ~~Switzerland~~including ~~from~~Senior ~~1990~~Vice President, ~~until~~Senior ~~December 1995. He~~Counsel ~~joined~~and ~~the~~Head ~~Man~~of ~~Group~~Transaction inBusiness ~~November~~Legal ~~1987~~Group, asat ~~Assistant~~FRM's ~~Treasurer~~London office. Before joining ~~the~~FRM, ~~Man~~Mr. ~~Group,~~Stewart hewas ~~worked~~an atAssociate ~~the~~in ~~Chase~~the ~~Manhattan~~investments ~~Bank~~funds ~~from~~practice ~~March~~group ~~1980~~at ~~until~~Akin ~~November~~Gump ~~1987~~Strauss ~~and~~Hauer at& ~~the~~Feld ~~National Westminster~~LLP ~~Bank~~ from September ~~1977~~1999 ~~through~~to ~~March~~August ~~1980~~2003. ~~After~~ ~~receiving~~Mr. ~~a Master’s~~Stewart ~~degree~~received ina ~~Physics~~B.A. atfrom the University of ~~College~~California, ~~Oxford,~~Santa heBarbara ~~progressed~~and to a ~~Master~~ ofJ.D. ~~Science~~from ~~degree~~Indiana ~~in Operational Research at the~~ University ~~of Sussex in England~~.

~~Steven Zoric,~~Alicia Borst Derrah, born 53/617/7158. Mr Ms. Derrah ~~Zoric~~ is athe ~~Director~~Chief Financial Officer, Vice President and Secretary of the Managing Member and ~~Man~~of ~~Investments,~~Glenwood. ~~which~~She ~~positions he~~ has ~~held~~ ~~since~~also ~~February~~been ~~2002. Mr.~~the Principal ~~Zoric~~Financial isOfficer ~~Head~~ of ~~North~~the ~~American~~Man-Glenwood ~~Legal and~~Funds ~~Compliance~~since ~~for~~1993. She is also the ~~Man~~Principal ~~Investments~~Financial ~~Division~~Officer of ~~Man~~the ~~Group~~Portfolio ~~plc,~~Company ~~which~~and ~~includes~~ the Financial ~~Managing~~and ~~Member,~~Operations ~~Man~~Principal ~~Investments~~for ~~and Glenwood~~Man Investments. MrMs. Derrah ~~Zoric~~joined isthe ~~also Vice~~Managing ~~President~~Member ~~and~~in ~~Secretary~~October 2005 and ~~Chief~~joined ~~Compliance~~Glenwood ~~Officer~~in ofSeptember ~~Glenwood~~1992 and ~~Secretary~~ ~~and~~is ~~Chief~~responsible ~~Compliance~~for ~~Officer~~their respective ofaccounting ~~the Man-Glenwood Funds~~ and ~~the Portfolio~~financial ~~Company~~reporting functions. In ~~addition, Mr~~Ms. ~~Zoric~~Derrah is registered aas ~~Director~~an ~~and~~associated ~~officer~~ person of ~~several~~the ~~other~~Managing USMember ~~Man~~and ~~Group~~is ~~companies,~~listed ~~all~~as ofa principal ~~which are affiliates~~ of the Managing Member~~. Mr.~~ ~~Zoric~~as ~~joined~~of ~~the~~November ~~Man~~16 ~~Group~~and inNovember ~~July~~17, 2005, ~~2001~~respectively. ~~Prior~~Ms. toDerrah ~~joining~~is ~~the~~registered ~~Man~~as ~~Group,~~an ~~from~~associated ~~April~~person ~~1997 to October 1999~~of Glenwood and ~~from~~is ~~August~~listed ~~2000~~as toa ~~July~~principal ~~2001,~~of ~~Mr.~~Glenwood ~~Zoric~~as ~~was~~of anOctober ~~associate~~22 inand ~~the Financial~~October ~~Services~~20, ~~Group of Katten Muchin Rosenman~~1993, ~~a law firm based in Chicago~~respectively. From ~~November~~December ~~1999~~1987 to ~~July~~August ~~2000~~1992, Mr Ms. Derrah ~~Zoric~~ was ~~the~~employed ~~Futures and~~by ~~Commodities~~Arthur ~~Compliance~~Andersen ~~Manager~~LLP atas ~~Morgan~~a ~~Stanley~~senior &auditor ~~Co., Inc.~~ in ~~New York. From April 1996 to April 1997, Mr. Zoric was an attorney in~~ the Financial Services ~~Group~~division atof ~~Sidley~~the ~~& Austin (now known as Sidley Austin LLP) in Chicago~~firm. ~~Mr.~~ ~~Zoric received a B~~Ms.A. Derrah’s inclients ~~Political Science from~~included ~~Northwestern~~Glenwood, ~~University~~bank inholding ~~June~~companies ~~1992~~ and ~~his~~capital ~~J.D.~~markets ~~with Honors from DePaul University College of Law in 1995~~institutions.

24Prior to joining Arthur Andersen, Ms. Derrah was employed by The Sanwa Bank, Ltd., in its Chicago branch office, as an analyst in the corporate finance area from April 1981 to December 1987. In that capacity, Ms. Derrah worked primarily with local Fortune 500 companies and was responsible for both corporate credit analysis and continued business development. Ms. Derrah is a C.P.A. and received a B.A. from Mundelein College.

Alicia Derrah, born 3/17/58. Ms. Derrah is the Chief Financial Officer of the Managing Member and of Glenwood. She is also the Principal Financial Officer of the Man-Glenwood Funds and the Portfolio Company and the FINOP for Man Investments. Ms. Derrah joined the Managing Member in October 2005 and joined Glenwood in September 1992 and is responsible for their respective accounting and financial reporting functions. From December 1987 to August 1992, Ms. Derrah was employed by Arthur Andersen LLP as a senior auditor in the Financial Services division of the firm. Ms. Derrah's clients included Glenwood, bank holding companies and capital markets institutions.

Prior to joining Arthur Andersen, Ms. Derrah was employed by The Sanwa Bank, Ltd., in its Chicago branch office, as an analyst in the corporate finance area. In that capacity, Ms. Derrah worked primarily with local Fortune 500 companies and was responsible for both corporate credit analysis and continued business development. Ms. Derrah is a C.P.A. and received a B.A. from Mundelein College.

Man Investments Holdings Inc., a Delaware corporation, is also a principal of the Managing Member, but does not participate in making trading or operational decisions for Man-AHL 130. Man Investments Holdings Inc. is an indirect, wholly-owned subsidiary of Man Group plc.

None.

(d) Family Relationships

None.

(e) Business Experience

See Item 10 (a,b) above.

(f) Involvement in Certain Legal Proceedings

None.

(g) Section 16(a) Beneficial Ownership Reporting Compliance

Not applicable.

(h) Code of Ethics

Man-AHL 130 has no employees, officers or directors and is managed by the Managing Member. The Managing Member has adopted an Executive Code of Ethics that applies to its principal executive officers, principal financial officer and principal accounting officer. A copy of this Executive Code of Ethics may be obtained at no charge by written request to Man Investments (USA) Corp., 123 N. Wacker Drive, 28th Floor, Chicago, Illinois 60606 or by calling: (312) 881-6800 (ask for the Chief Legal Officer).

(i) Audit Committee Financial Expert

Because Man-AHL 130 has no employees, officers or directors, Man-AHL 130 has no audit committee. Man-AHL 130 is managed by the Managing Member. Alicia Derrah serves as the Managing Member’s “audit committee financial expert.” Ms. Derrah is not independent of the management of the Managing Member. The Managing Member is ~~a privately~~not ~~owned~~required ~~corporation~~to have, and ~~has~~does nonot have, independent directors.

Item 11. Executive Compensation

Man-AHL 130 has no directors, officers or employees. None of the directors, officers or employees of the Managing Member receive compensation from Man-AHL 130. The Managing Member ~~will~~receives ~~receive~~ a management fee of 1/12 of 0.75% of the Net Asset Value of all outstanding Units at each month-end (a 0.75% annual rate), calculated monthly and paid quarterly in arrears. The AHL Diversified Program is operated by members of the Man Group, which ~~will~~receives ~~receive~~ substantial compensation from Man-AHL 130 for doing so. Man-AHL 130 pays ~~will pay~~ substantial brokerage commissions asto ~~well~~its ~~as administrative~~futures ~~fees~~brokers, toincluding ~~Man~~MF Global ~~Financial~~ Inc., limited to no more than 3% of Man-AHL 130’s average month-end Net Asset Value during each fiscal year, and has paid clearing fees on forward trades to ~~Man~~MF ~~Financial~~Global ~~Limited~~UK Ltd., an affiliate of the Managing Member. The Man-Glenwood Funds are operated by members of the Man Group, which receive substantial compensation for doing so. Man Investments Inc. receives an investor servicing fee for the provision of investor services to the Man-Glenwood Funds and ~~will~~receives ~~receive~~ ongoing Client Servicing Fees from Man-AHL 130, as described ~~herein~~below.

Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

(a) Security Ownership of Certain Beneficial Owners

Other than as set forth below, Man-AHL 130 knows of no person who owns beneficially more than 5% of the Units of either Class.

(b) Security Ownership of Management

As of ~~June~~March 131, ~~2007~~2009:

Title of class	Name and address of beneficial owner	Amount and nature of beneficial interest	Percent of class
Class A Units	Man Investments (USA) Corp. 123 N. Wacker Drive 28th Floor Chicago, IL 60606	150,000 Units (Series 12) held directly	~~100~~87.95%

None.

(d) Securities Authorized for Issuance Under Equity Compensation Plans

None.

Item 13. Certain Relationships and Related Transactions, and Director Independence

See “Item 10. Directors, Executive Officers and Corporate Governance —(a,b) Identification of Directors and Executive Officers and —(i) Audit Committee Financial Expert,” “Item 11. Executive Compensation” and “Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.” The Managing Member organized and controls Man-AHL 130. The Managing Member and its affiliates are the primary service providers to Man-AHL 130. None of the fees ~~to be~~ paid by Man-AHL 130 to the Managing Member or any affiliate were negotiated at arm’s-length. For managing Man-AHL 130’s futures and forward trading, AHL, an affiliate of the Managing Member, charges a management fee of 1/6 of 1% of the month-end notional value of Man-AHL 130’s AHL account (a 2% annual rate) – approximately equal to Man-AHL 130’s Net Asset Value – calculated and paid as of the end of each calendar month and a monthly incentive fee of 20% of any “new net profit,” as defined in the prospectus included in Man-AHL 130’s registration statement, attributable to Man-AHL 130’s AHL account. Man-AHL ~~Investments~~130 paid $851,887 ~~Inc~~in management fees and $1,156,176 in incentive fees to AHL for the year ended March 31, 2009. Man Investments, an affiliate of the Managing Member which serves as the lead selling agent for Man-AHL 130, ~~will~~is be entitled to a Client Servicing Fee equal to 1/12 of 1.25% of the Net Asset Value of the Class A Series 1 and Class B Series 1 Units at each month-end (a 1.25% annual rate), calculated monthly and paid quarterly in arrears. Man-AHL 130 paid $63,873 in Client Servicing Fees to Man Investments for the year ended March 31, 2009. The Client Servicing Fee ~~will~~is not be charged against Class A Series 2 and Class B Series 2 Units, which are offered exclusively to (i) investors participating in selling agent asset-based or fixed-fee investment programs, or in investment advisors’ fee-based advisory programs, or (ii) direct institutional investors, including, but not limited to, certain tax-exempt employee benefit trusts, employee benefit plans, deferred compensation plans and individual retirement accounts that purchase Units through Man Investments Inc. Man Investments Inc. is subject to the regulatory limitation that it not receive aggregate selling commissions (i.e., the Client ~~Servicing~~ Servicing Fee) in excess of 10% of the sale price of all Units. The ~~Managing~~ Managing Member expects that a significant majority of the Client Servicing Fee ~~received~~ received by Man Investments Inc. will be paid on to unaffiliated selling agents ~~assisting~~ assisting with the placement of the Units. The Portfolio Company, through which the Man-Glenwood Funds access the Sub-Funds, pays Glenwood a management fee at a rate of 1.75% per annum of the aggregate value of the Portfolio Company’s outstanding interests, calculated monthly and paid quarterly, and the Man-Glenwood Funds each pay Glenwood a 0.25% per annum administrative fee, similarly calculated. Man Investments Inc. receives an investor servicing fee of 0.50% of net assets per annum for the provision of investor services to the Man-Glenwood Funds, calculated monthly and paid quarterly. At March 31, 2007, none of the Managing Member or any of its affiliates had earned or received any fees or other income from Man-AHL 130.

2624

annum administrative fee, similarly calculated. Man Investments Inc. receives an investor servicing fee of 0.50% of net assets per annum for the provision of investor services to the Man-Glenwood Funds, calculated monthly and paid quarterly. The Managing Member’s interest in Man-AHL 130 showed an allocation of income of $522,100 for the year ended March 31, 2009.

Item 14. Principal Accountant Fees and Services

(1) Audit Fees

~~Man-AHL~~The ~~130~~aggregate ~~incurred no~~ fees for professional services rendered by Deloitte & Touche ~~LLP~~ LLP in connection with the audit of Man-AHL 130’s financial statements ~~for~~and ~~the~~reviews ~~period~~of ~~April~~the ~~14,~~financial ~~2005~~statements ~~(date~~included ofin ~~inception)~~the ~~through~~quarterly ~~March~~reports ~~31,~~on ~~2006~~Form or10-Q inand in connection with the ~~audit~~statutory ofand ~~Man-AHL~~regulatory ~~130’s~~filings ~~financial statements~~ for the ~~year ended~~years ended March 31, ~~2007. Fees~~2008 ~~for~~and ~~such~~March ~~services~~31, 2009 were ~~paid~~approximately by$130,000 ~~the Managing~~and ~~Member or an affiliate~~$133,500 respectively.

(2) Audit-Related Fees

There were no fees for assurance and related services rendered by Deloitte & Touche LLP for the ~~period~~years ~~April 14, 2005 (date of inception) through March 31, 2006 or the year~~ ended March 31, ~~2007~~2008 and 2009.

(3) Tax Fees

~~There~~The ~~were~~aggregate no fees for professional services rendered by Deloitte & Touche LLP ~~for~~ ~~tax~~for ~~compliance,~~the ~~advice~~benefit orof ~~planning~~Man-AHL ~~services~~130 for the ~~period~~years ~~April~~ended 14March 31, ~~2005~~2008 ~~(date of~~and ~~inception) through~~ March 31, 2009 ~~2006~~were orapproximately ~~the~~$30,000 ~~year~~and ~~ended March 31~~$24, ~~2007~~800 respectively.

(4) All Other Fees

None

(5) Pre-Approval Policies

The board of directors of the Managing Member pre-approves the engagement of Man-AHL 130’s auditor for all services to be provided by the auditor.

PART IV

Item 15. Exhibits and Financial Statement Schedules

(a)(1) Financial Statements

27The following are included with the Report of Independent Registered Public Accounting Firm dated June 29, 2009 a copy of which is filed herewith as Exhibit 13.01 :

~~The~~Condensed ~~following~~Schedules ~~are included with the Report~~ of ~~Independent Registered~~Investments ~~Public Accounting Firm dated June 15, 2007 included in Item 8 of Part II hereof:~~(a)

Statements of Financial Condition (a)

Statements of Operations (a)

Statements of Changes in ~~Member~~Members’s Equity (a)

Statements of Cash Flows (b)

~~Notes to~~ Financial Highlights ~~Statements for the year ended March 31, 2007 and for the period April 14, 2005~~ (~~date of inception~~b) ~~through March 31, 2006~~

Notes to Financial Statements

(a) At March 31, 2009 and March 31, 2008

(b) For the years ended March 31, 2009 and 2008

(a)(2) Financial Statement Schedules

All Schedules are omitted for the reason that they are not required or are not applicable because equivalent information has been included in the financial statements or the notes thereto.

(a)(3) Exhibits as required by Item 601 of Regulation S-K

The following exhibits are included herewith.

Designation Description

13.01

Report of Independent Registered Public Accounting Firm

31.1

Rule 13a-14(a)/15d-14(a) Certification of Principal Executive Officer

31.2

Rule 13a-14(a)/15d-14(a) Certification of Principal Financial Officer

32.1

Section 1350 Certification of Principal Executive Officer

32.2

Section 1350 Certification of Principal Financial Officer

The following exhibit is incorporated by reference from the exhibit of the same number and description filed with Man-AHL 130’s Registration Statement (File No. 333-126172) filed on June 28, 2005 on Form S-1 under the Securities Act of 1933.

3.01(i)

Certificate of Formation of Registrant.

The following exhibit is incorporated by reference from the exhibits of the same number and description filed with Amendment No. 3 to Man-AHL 130’s Registration Statement (File No. 333-126172) filed on April 17, 2006 on Form S-1 under the Securities Act of 1933.

10.02 Form of Customer Agreement between the Registrant and Man Financial Inc. (now MF Global)

The following exhibit is incorporated by reference from the exhibits of the same number and description filed with Post-Effective Amendment No. 5 to Man-AHL 130’s Registration Statement (File No. 333-126172) filed November 29, 2006 on Form S-1 under the Securities Act of 1933.

10.01

Form of Administration Agreement between Man-AHL 130 and the Administrator.

The following exhibits are incorporated by reference from the exhibits of the same number and description filed with Post-Effective Amendment No. 6 to Man-AHL 130’s Registration Statement (File No. 333-126172) filed January 18, 2007 on Form S-1 under the Securities Act of 1933.

1.01

Form of General Distributor’s Agreement between the Registrant and Man Investments Inc.

10.02(a)

Addendum to the Form of Customer Agreement between the Registrant and Man Financial Inc. (now MF Global Inc.)

10.03

Form of Trading Advisory Agreement between Registrant and Man-AHL (USA) Ltd.

10.04

Form of Escrow Agreement among the Registrant, the Managing Member and the Escrow Agent.

The following exhibit is incorporated by reference from the exhibit of the same number and description filed with Post-Effective Amendment No. 1 to Man-AHL 130’s Registration Statement (File No. 333-126172) filed October 16, 2007 on Form S-1 under the Securities Act of 1933.

10.03(a)

Amendment to the Form of Trading Advisory Agreement between Registrant and Man-AHL (USA) Ltd.

The following exhibits are incorporated by reference from the exhibit of the same number and description filed with Post-Effective Amendment No. 2 to Man-AHL 130’s Registration Statement (File No. 333-126172) filed August 11, 2008 on Form S-1 under the Securities Act of 1933.

3.02

Limited Liability Company Agreement of the Registrant.

(amended)

10.~~02(a)~~05 ~~Addendum~~form ~~to the Form~~ of ~~Customer~~Application ~~Agreement between the Registrant~~ and ~~Man~~Power ~~Financial~~of ~~Inc.~~Attorney

10.0306 Form of Trading Advisory Agreement between the Registrant and Man~~-AHL~~ Investments Limited.

~~(amended) (USA) Ltd.~~27

10.04 Form of Escrow Agreement among the Registrant, the Managing Member and the Escrow Agent.

10.03 Form of Application and Power of Attorney.

(amended)

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, on the 29th day of June, ~~2007~~2009.

MAN-AHL 130, LLC By: Man Investments (USA) Corp., Managing Member ~~By: /s/ John M. Kelly John M. Kelly President~~


	By:	/s/ Andrew Stewart
		Andrew Stewart
		President

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the Managing Member of the Registrant in the capacities and on the date indicated.

Signature	~~Title with Managing Member~~	~~Date~~Title with Managing Member	Date
/s/John M. Kelly	President and Director	June 29, 2007
/s/ Andrew Stewart		President and Director	June 29, 2009
John M. Kelly	(Principal Executive Officer)
Andrew Stewart		(Principal Executive Officer)
/s/ Alicia B. Derrah	~~Chief Financial Officer~~	~~June~~Chief ~~29,~~Financial ~~2007~~Officer	June 29, 2009
Alicia B. Derrah	~~(Principal Financial and Accounting Officer)~~	(Principal Financial and Accounting Officer)
/s/ Michael Lozowski	Vice President and Director	June 29, 2007
Michael Lozowski
/s/ Steven Zoric	Vice President, Secretary and	June 29 , 2007
Steven Zoric	Director

(Being the principal executive officer, the principal financial officer and principal accounting officer, and a majority of the directors of Man Investments (USA) Corp.)

Man Investments (USA) Corp.

Managing Member of Registrant

June 29, ~~2007~~2009

By /s/~~John~~ M.Andrew ~~Kelly~~Stewart

~~John~~ M.Andrew ~~Kelly~~Stewart

President

Supplemental Information Furnished With Reports Filed Pursuant to Section 15(d) of the Act by Registrants Which Have Not Registered Securities Pursuant to Section 12 of the Act.

As of March 31, ~~2007~~2009 and as of the date hereof, Registrant has not sent any annual reports or proxy statements to security holders.

2928

EXHIBIT INDEX

The following exhibits are included herewith.

Designation Description

13.01

Report of Independent Registered Public Accounting Firm

31.1

Rule 13a-14(a)/15d-14(a) Certification of Principal Executive Officer

31.2

Rule 13a-14(a)/15d-14(a) Certification of Principal Financial Officer

32.1

Section 1350 Certification of Principal Executive Officer

32.2

Section 1350 Certification of Principal Financial Officer

3.01(i)

Certificate of Formation of Registrant.

10.02 Form of Customer Agreement between the Registrant and Man Financial Inc. (now MF Global Inc.)

10.01

Form of Administration Agreement between Man-AHL 130 and the Administrator.

1.01

Form of General Distributor’s Agreement between the Registrant and Man Investments Inc.

310.02(a) ~~Limited~~Addendum ~~Liability~~to ~~Company~~the ~~Agreement~~Form of Customer Agreement between the Registrant and Man Financial Inc. (now MF Global)

(amended)

10.02(a) Addendum to the Form of Customer Agreement between the Registrant and Man Financial Inc.

10.03

Form of Trading Advisory Agreement between Registrant and Man-AHL

(~~amended) (~~USA) Ltd.

10.04

Form of Escrow Agreement among the Registrant, the Managing Member and the Escrow Agent.

~~10.03~~The following ~~Form~~exhibit is incorporated by reference from the exhibit of ~~Application~~the same number and ~~Power~~description filed with Post-Effective Amendment No. 1 to Man-AHL 130’s Registration Statement (File No. 333-126172) filed October 16, 2007 on Form S-1 under the Securities Act of ~~Attorney~~1933.

10.03(a)

Amendment to the Form of Trading Advisory Agreement between Registrant and Man-AHL (USA) Ltd.

3.02

Limited Liability Company Agreement of the Registrant.

(amended)

3010.05 Form of Application and Power of Attorney

10.06

Form of Trading Advisory Agreement between the Registrant and Man Investments Limited.

Filing Compare · MAN-AHL 130, LLC