Thu, Mar 5, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Morgan Stanley and Claritas Investimentos launch UCITS fund

Tuesday, December 13, 2011
Opalesque Industry Update - Morgan Stanley announced the launch of a new fund under its Irish UCITS umbrella, FundLogic Alternatives Plc. The MS Claritas Long Short Market Neutral UCITS Fund (“Fund”) will be managed by Claritas Administração de Recursos Ltda. (“Claritas”) which currently has approximately US$1.87 billion assets under management, and will offer access to a Brazilian Long / Short Equity Market Neutral Strategy with weekly liquidity. The Fund will target uncorrelated returns within Brazilian equity indices, taking advantage of opportunities in the Brazilian equity market all sectors considered, while maintaining a maximum net long exposure of +20% and net short exposure of -20%.

“We are proud to partner with Claritas, one of the pioneers of the Brazilian alternative investments industry, to launch the first absolute return UCITS fund exclusively focused on the Brazilian equity market,” commented David Armstrong, Managing Director and Global Head of Fund-Linked business at Morgan Stanley. He added, “This latest addition addresses investors’ appetite for emerging exposures within a market neutral portfolio that aims at performing irrespective of market conditions. Claritas’ highly experienced investment team, led by Helder Soares, will provide investors with a diversified representation of the many alpha extraction opportunities in the Brazilian equity market within the UCITS framework”.

Commenting on the new launch, Helder Soares, Portfolio Manager and CIO of the Equity Funds, noted, “We are thrilled to enter the UCITS space along with Morgan Stanley, leveraging their indisputable expertise. We believe our focus on constructing a market neutral portfolio, using fundamental research on individual securities as well as liquidity and risk vs. return projections, fits perfectly with the UCITS investors’ philosophy. Our idea generation process, which combines a top-down macro analysis of broad economic factors and trends to a bottom-up micro analysis of individual stocks has proven its ability to generate impressive returns over the past 10 years and sets us apart from competition. ”

FundLogic is the platform brand name for Morgan Stanley fund solutions launched 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 manager-UCITS Funds.

Source

Press Release

bc

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. Outlook - Philippe Jordan predicts 'alternative beta' to displace hedge funds, Stan Druckenmiller says Europe, Japan stocks will outpace U.S.[more]

    Philippe Jordan predicts 'alternative beta' to displace hedge funds From Investordaily.com.au: The disappointing performance of hedge funds in recent years is a result of "too much money chasing too little alpha", argues Capital Fund Management. Speaking to InvestorDaily, CFM partner Phi

  2. Investing - Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched, Myriad hedge fund sold bulk of its Alibaba stake last year[more]

    Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched From Valuewalk.com: As hedge fund manager Seth Klarman, leader of the $28 billion Baupost Group, reviews 2014 performance and considers investors gained near 7 percent on the year, he cons

  3. Investing - As rig count falls, hedge funds pile into long crude futures, Parus tactically shifts long/short exposure ratios, Mario Draghi outflanking Kuroda as bearish euro bets surge, Prime Capital’s 500.com bet derailed after 41% drop[more]

    As rig count falls, hedge funds pile into long crude futures From 247wallst.com: In the week ended February 27, the total number of rigs drilling for oil in the United States came in at 986, compared with 1,019 in the prior week and 1,430 a year ago. Including 281 other rigs mostly drill

  4. Opalesque Exclusive: dbSelect’s top ten FX strategies average almost 10% in January[more]

    Benedicte Gravrand, Opalesque Geneva: In one of Deutsche Asset & Wealth Management (AWM)’s hedge fund platforms, called dbSelect, a number of FX Strategies did very well in January. dbSelect is a managed investment platform for unf

  5. Opalesque Exclusive: SEC’s Mark J. Flannery warns hedge funds against valuation misconduct[more]

    Komfie Manalo, Opalesque Asia: Securities and Exchange Commission chief economist and director of Division of Economic and Risk Analysis (DERA) Mark J. Flannery has warned of the risks posed by market misconduct, particularly in the true valuation of assets by hedge fund managers. In his