Mon, Mar 27, 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. 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