Fri, Dec 15, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Morgan Stanley and Algebris launch UCITS III fund with long/short equity strategy focused on global financial services

Thursday, January 06, 2011
Opalesque Industry Update - Morgan Stanley (NYSE: MS) today announced the launch of a new fund under its Ucits Irish umbrella, FundLogic Alternatives. The new fund will be managed by Algebris Investments LLP and will offer access to a long/short equity strategy focused on the global financial services sector.

Commenting on the new fund launch, David Armstrong, Managing Director and Global Head of Fund-linked business at Morgan Stanley said, “We are delighted that Davide Serra and Eric Halet have decided to partner with Morgan Stanley to launch their first Ucits Fund. We continue to see growing demand from investors to access absolute return strategies in a regulated, transparent and liquid format. The combination of our Ucits capabilities and the Algebris investment expertise is a unique product, one of the very first sector specialised long/short equity funds that offers daily liquidity.”

Davide Serra, co-portfolio manager and founding partner of Algebris commented: “Algebris was launched in 2006 to provide investors with premier alternative asset management focusing on global financials. We believe the sector offers many opportunities for a long-short equity manager and in particular, the Ucits Fund we are launching in partnership with Morgan Stanley is based on the research process we have been successfully developing for the past 4 years. We chose Morgan Stanley as our partner as a result of their robust infrastructure and the strong relationship our respective firms have developed since we founded Algebris.”

FundLogic is the platform brand name for Morgan Stanley fund solutions, set up in 2006. It can offer both Ucits and non-Ucits Funds on a global basis. The platform delivers fund solutions to clients by combining the financial expertise, innovation and resources of Morgan Stanley and offers a range of products including simple Index Funds, Structured Funds and the more recently launched Third Party managers Ucits Funds.

fundlogic-ir@morganstanley.com

(press release)

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. Mediobanca acquires majority stakes in Swiss hedge fund[more]

    Komfie Manalo, Opalesque Asia: Listed diversified banking group Mediobanca SpA said it has acquired a majority stake in Geneva-based hedge fund firm RAM Active Investments SA (RAM AI), an active and alternative asset manager offering a range of act

  2. Launches - Ex-BlueCrest team to open over $200m hedge fund, Greg Coffey, a hedge fund star who retired at 41, is eyeing a comeback, Brevan Howard plans Greek funds as bond rally signals revival[more]

    Ex-BlueCrest team to open over $200m hedge fund From Bloomberg.com: A team of traders who left BlueCrest Capital Management earlier this year raised more than $200 million for their own hedge fund focused on Asian stocks, according to a person familiar with the matter. Ovata Capital Manag

  3. North America - Miami could attract hedge funds if SALT deductions axed[more]

    From Law360.com: For years, inertia has been Nitin Motwani's greatest foe in his attempts to lure hedge fund owners in the northeast to Miami, which he has pitched as a tropical low-tax paradise. But with the Republican tax bill proposing to eliminate deductions for state and local taxes, he's sensi

  4. Northleaf Capital Partners closes debut private credit fund on $670M[more]

    Bailey McCann, Opalesque New York: Northleaf Capital Partners has closed its debut private credit fund - Northleaf Private Credit I - on $670 million. The vehicle will invest in private credit transactions in Europe and North America, with a primary focus on lending to private equity-backed compa

  5. ...And Finally - The ongoing gun saga in the U.S.[more]

    From Newsoftheweird.com: As elder members of the First United Methodist Church in Tellico Plains, Tennessee, gathered on Nov. 16 to discuss the recent church shooting in Sutherland Springs, Texas, one of those present asked if anyone had brought a gun to church. One man spoke up and said he c