Sat, Aug 2, 2014
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. Opalesque Exclusive: Kyria Capital Management bets on women hedge fund managers[more]

    Bailey McCann, Opalesque New York: As hedge fund assets top $3 trillion, and long/short strategies get more crowded than ever, with every manager hunting for even the tiniest bit of alpha, a new firm has emerged that claims its own edge – women. A recent Rothstein Kass study showed women-owned a

  2. Opalesque Exclusive: Q2, H1 end positively for hedge fund performance[more]

    Bailey McCann, Opalesque New York: New hedge fund monitor data from Citi Prime Finance shows that overall, hedge funds ended the month of June and the first half of the year positively. Composite hedge fund performance, equal-weighted across funds, ranged from +0.93% to +1.73%. June-14 performa

  3. Many CTAs have become more short-volatility in the last five years[more]

    Benedicte Gravrand, Opalesque Geneva: Quantitative easing has reduced and then suppressed volatility for the last five years. So analysts at R.G. Niederhoffer Capital Management recently examined if there had been a tendency for CTAs and hedge funds to adjust their styles to become more 'shor

  4. Other Voices: Event driven strategy outlook: Broader focus required[more]

    This article was authored by Alex Gavrish, founder and CEO of Etalon Investment Research, and author of "Wall Street Back To Basics."

  5. Other Voices: Not so easy to replicate activist hedge funds and achieve similar performance[more]

    This article was authored by Alex Gavrish, founder and CEO of Etalon Investment Research, and author of "Wall Street Back To Basics." With the amount of activist investments on the rise during the last few years, more and more media at