Mon, Jun 26, 2017
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. FinTech - Rise of robots: Inside the world's fastest growing hedge funds[more]

    From Bloomberg.com: Believe the hype. Quants have never been more popular. After doubling over the past decade, assets run by so-called systematic funds have hit a record $500 billion this year, according to estimates from Barclays Plc. In some ways, their meteoric rise is due to the same technolog

  2. Legal - Bond market concerns could scuttle Paulson's Fannie-Freddie plan[more]

    From Bloomberg.com: A hedge fund proposal for freeing Fannie Mae and Freddie Mac from U.S. control is poised to face stiff opposition from investors who say it risks wrecking the mortgage-bond market. The Moelis & Co. blueprint, which firms including Paulson & Co. and Blackstone Group LP sponsored,

  3. Other Voices: Are your pricing policies and procedures for less liquid instruments adequate?[more]

    Komfie Manalo, Opalesque Asia: The unrelated position mismarking incidents that quickly precipitated the closures of both Visium Asset Management and Marinus Capital have been recent focal points for market participants, but regulatory scrutiny of valuation choices for less liquid instruments is

  4. FinTech - AI hedge fund Numerai now live on Ethereum, Cryptocurrency hedge funds generate huge returns as bitcoin surges[more]

    AI hedge fund Numerai now live on Ethereum From Cryptoninjas.net: Back in February, Numerai announced numeraire (NMR), a cryptographic token to incentivize a new kind of hedge fund built by a network of data scientists. Earlier today, the Numeraire smart contract was officially deployed

  5. Investing - Advisors slash hedge fund positions, Theravance Biopharma is a top pick of investment guru Seth Klarman, As asset management industry grows a search for new revenue streams[more]

    Advisors slash hedge fund positions From Barrons.com: Financial advisors have cut wealthy clients' exposure to hedge funds by up to one third over the past 12 months, The Financial Times reports. Advisor firms in the FT's annual top-300 ranking have reduced their hedge fund allocation to