Fri, Mar 24, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Morgan Stanley and PSAM Launch UCITS III Fund

Monday, August 16, 2010
Opalesque Industry Update - Morgan Stanley (NYSE: MS) announced that it has launched its first UCITS III Fund on the Firm’s FundLogic platform managed by an alternative manager. This fund will be managed by P.Schoenfeld Asset Management LP (PSAM) and will offer exposure to a global event-driven investment strategy.

Commenting on the new fund launch, Shahzad Sadique, Executive Director and Head of FundLogic at Morgan Stanley said, “we are seeing a huge level of interest from investors to access alternative asset manager expertise through UCITS Funds and are delighted that PSAM has partnered with Morgan Stanley. We are currently seeking regulatory approval for a number of funds managed by leading alternative asset managers and look forward to launching more UCITS funds on FundLogic in the next few months.”

“Our UCITS fund will provide investors with access to a global event-driven strategy which includes mergers and acquisitions, stressed and distressed credit and special situations strategies, while providing them with greater liquidity and transparency – attributes we believe will make the fund attractive to new types of investors,” commented Peter Schoenfeld, Chairman and CEO of PSAM. “We have a long relationship with Morgan Stanley dating back to PSAM’s inception in 1997 and it is the logical partner for us on this exciting new product given the strength of its platform and the track record of success we have working together.”

FundLogic is the brand name for Morgan Stanley’s Structured Fund platform, which was set up in 2006 as a multi asset platform. It can offer both UCITS III and non-UCITS Funds on a global basis. The platform delivers fund solutions to clients by combining the financial expertise, creativity and resources from Morgan Stanley and can offer products ranging from simple Index

Funds through to complex investment solutions for institutions.

Fund Details:
Fund Name: MS PSAM Global Event UCITS
Umbrella Fund: FundLogic Alternatives Plc
Funds domicile: Ireland
Investment Manager: P.Schoenfeld Asset Management (PSAM)
Promoter: Morgan Stanley International Plc
Dealing: Weekly dealing (Every Friday)
Custodian: Northern Trust Fiduciary Services (Ireland) Limited
Administrator: Northern Trust International Fund Administration Services (Ireland) Limited
Source

kb

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Hedge fund liquidations in 2016 surpass 2009 levels, new launches decline[more]

    Benedicte Gravrand, Opalesque Geneva: Even as the hedge fund industry's total assets exceeded the $3tln milestone last year, hedge fund liquidations increased. So much so that 2016 had the highest number of liquidations since 2008, claims the latest HFR Market Microstructure Report, re

  2. Hedge funds find no joy in macro as returns lag Trump rally[more]

    From Gulfnews.com: In 2017, macro hedge funds were expected to shine. So far? Not so much. It's been a far from impressive first two months for funds that trade around macroeconomic events. Discretionary funds rose just 0.3 per cent through February, according to Hedge Fund Research Inc., while the

  3. Strategies - Billionaire investor Marc Lasry shares how he's playing markets right now, Classic models are failing FX hedge funds desperate for return[more]

    Billionaire investor Marc Lasry shares how he's playing markets right now From CNBC.com: Buy on the prospect of deregulation. Sell on the enactment of deregulation. That's the strategy that billionaire investor Marc Lasry is implementing, according to an interview with CNBC in Las Vegas

  4. Opalesque Exclusive: Aberdeen makes the case for the lower mid-market[more]

    Bailey McCann, Opalesque New York: Aberdeen Asset Management has released a new paper focused on lower mid-market private equity. According to the paper, this segment of the private equity market is gaining popularity with private equity investors that are looking for multiple expansion and less

  5. Hedge funds await outcome of French elections, feel pinch on lower oil prices & weak dollar[more]

    Komfie Manalo, Opalesque Asia: Hedge funds felt the pinch of lower oil prices and weak U.S. dollar as the Lyxor Hedge Fund Index was marginally down as of the week ending 14 March, Lyxor Asset Management said in its Weekly Briefing. The Lyxor He