Thu, Jul 30, 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. Bridgewater turns bearish on China[more]

    Komfie Manalo, Opalesque Asia: The world’s biggest hedge fund Bridgewater Associates and one of the most vocal of China’s potential is now turning its back against the world’s second largest economy as it joins a growing list of high-profile investors who are challenging China’s potentials.

  2. Opalesque Exclusive: Despite bumpy June/July, CTAs hold on[more]

    Bailey McCann, Opalesque New York: To say that things have been rocky in managed futures recently is putting it mildly. In June, the industry saw its worst month on a performance basis in the past four years. Then yesterday,

  3. Launches - Ex-Brevan Howard star Rokos builds team for new fund, Former Och-Ziff manager’s firm starts health care hedge fund, Industry veterans launch commodity investment firm Aron Capital Management, Nikko Asset Management launches two UCITS funds, Capital Group plans to debut Asian investor targeted fund[more]

    Ex-Brevan Howard star Rokos builds team for new fund From WSJ.com: Chris Rokos, a former star trader at Brevan Howard Asset Management LLP, has hired an economist from Nomura to join the team he’s assembling for his much anticipated hedge fund launch. Mr. Rokos, whose firm is due to b

  4. Institutions - Pension fund dismisses Texas consultant, Rhode Island pension fund gets 2.2% investment return, far below assumed rate of 7.5%, New Jersey pension investments see a drop-off in returns[more]

    Pension fund dismisses Texas consultant From Sandiegouniontribute.com: The county retirement board on Thursday terminated the Texas consultant who was given the reins of the $10 billion pension fund, and whose investment picks left many employees and retirees feeling taken for a ride.

  5. SWFs - Sovereign wealth funds paid around $14 billion in fees[more]

    From SWFinstitute.org: When it comes to the financial sector, asset management is one of the most profitable industries in the world. The Boston Consulting Group put out a 2014 figure saying there is US$ 74 trillion worth of professionally-managed assets. One of the fastest growing institutional inv

 

banner