Wed, May 25, 2016
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. Ares Capital to buy American Capital in $3.4 billion deal[more]

    From PIOnline.com: Ares Management's business development company Ares Capital Corp. is buying troubled BDC American Capital for $3.43 billion, said a joint news release by the BDCs and another release by Ares Management. Ares Capital Corp.'s assets are expected to grow to about $13.2 billion when t

  2. Launches - Man Group and American Beacon launch new emerging debt fund, Nikko AM launches new Japan equity UCITS fund[more]

    Man Group and American Beacon launch new emerging debt fund American Beacon Advisors, an experienced provider of investment advisory services to institutional and retail markets, launched the American Beacon GLG Total Return Fund today. The Fund became effective May 20. The America

  3. Paul Tudor’s hedge fund trims fee amidst poor performance, keep investors[more]

    Komfie Manalo, Opalesque Asia: Paul Tudor’s $11.6bn hedge fund firm Tudor Investment Corp. announced on Monday it would slash down fees of one of its biggest fund to 2.25% of assets and 25% of profits amidst backlash arising from poor performa

  4. Fund Profile - The hedge fund that couldn't stay open long enough for a big payday[more]

    From Bloomberg.com: Toby Dodson waited six months for his bet against a fragile Portuguese bank to pay off. But before the reckoning, word came down from his hedge fund bosses at Achievement Asset Management in Chicago: get ready to clear out your desk and unwind your trades, we’re shutting down. Th

  5. Opalesque Exclusive: South Africa’s equity-centric hedge funds survive rough April in the black[more]

    Komfie Manalo, Opalesque Asia: Hedge funds serviced by Peregrine Holdings’ unit Peregrine Capital performed fairly well in April. The consecutive gains in March and April meant another step closer towards negating the cumulative losses sustai