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Morgan Stanley and Indus launch UCITS III long/short equity fund

Wednesday, January 19, 2011
Opalesque Industry Update – Morgan Stanley (NYSE: MS) announced the launch of a new fund under its Ucits Irish umbrella, FundLogic Alternatives. The new fund will be managed by Indus Capital Partners LLC and will offer access to a long/short equity strategy focused on the Asia Pacific region. This is the fifth Ucits fund that Morgan Stanley has launched to date.

David Armstrong, Managing Director and Global Head of Fund Linked business at Morgan Stanley commented, “Asia offers some of the most exciting investment opportunities for a long/short equity strategy. We are very pleased to launch our first long/short Ucits fund specialized in this region with Indus Capital. Indus has one of the longest track record of alpha generation in the Asia Pacific region. This new fund is an important addition to Morgan Stanley’s rapidly growing Ucits platform.”

Commenting on the launch, Indus Capital said: “Asian markets are inherently inefficient and are therefore an excellent backdrop for long/short strategies. Since we founded Indus in 2000, we have been developing an investment process which we believe can yield positive returns in difficult markets, and strongly positive returns in stock-friendly markets, yielding an attractive return profile over a given cycle. We are delighted to join forces with Morgan Stanley for the launch of our first Ucits fund. We chose Morgan Stanley for the extensive operational and risk management infrastructure the Firm provides through its platform.”

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.

Fund Details:

Fund Name: Indus PacifiChoice Asia Fund
Umbrella Fund: FundLogic Alternatives Plc
Funds domicile: Ireland
Investment Manager: Indus Capital Parners LLC
Promoter: Morgan Stanley & Co International Plc
Dealing : Weekly dealing
Custodian: Northern Trust Fiduciary Services (Ireland) Limited
Administrator: Northern Trust International Fund Administration Services (Ireland) Ltd
Contact : fundlogic-ir@morganstanley.com

(press release)

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