Thu, Jan 29, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Alternative UCITS fund from Morgan Stanley and SLJ Macro Partners LLP

Monday, October 15, 2012
Opalesque Industry Update - Morgan Stanley has announced the launch of a new fund under its Irish UCITS umbrella, FundLogic Alternatives Plc. The MS SLJ Macro UCITS Fund (the “Fund”), will provide investors with an opportunity to gain exposure to a global macro strategy focused, but not exclusively, on Foreign Exchange Markets. The Fund will be managed by SLJ Macro Partners LLP, a U.K. based asset manager co-founded by Stephen Jen and Fatih Yilmaz.

The Fund seeks to achieve absolute returns, which are expected to have a low correlation to traditional asset class returns, whilst limiting the potential for capital losses.

Commenting on the new launch, David Armstrong, Managing Director and Global Head of Fund- Linked business at Morgan Stanley said: “Our collaboration with SLJ is a major step towards the development of our FundLogic Platform as it allows us to expand our fund offering to new strategies”. He added: “We are confident that Stephen and Fatih’s impressive experiences and research backgrounds will prove a key element in the success of this new program as it brings together their expertise in deep analysis of macroeconomics and macro policies, along with rigorous quantitative modeling.”

“Although our core business is to actively manage our global macro strategy, we believe that our role as a provider of foreign exchange overlay services in combination with our macro research and advisory services sets us apart from others. Furthermore, it enables us to concentrate on long term directional opportunities that we see in the Foreign Exchange Markets”, Stephen Jen, co-Portfolio Manager of the MS SLJ Macro UCITS Fund commented.

“Our idea generation methodology combines a top-down discretionary investment process that aims to identify trades in the currency markets most likely to capture macro themes, and a systematic framework based on a proprietary bottom-up approach, to rank assets that fit into our broad macro investment theme”, Fatih Yilmaz, co-Portfolio Manager of the MS SLJ Macro UCITS Fund added.

“We see our sound risk management processes, which notably include diversification guidelines, maximum drawdown limits and stop-loss rules, augmented by the solid UCITS framework provided by Morgan Stanley - one of the leading providers of regulated alternative strategies - as great appeal to investors wanting to tap into the global macro sub-strategy.” FundLogic is the brand name for Morgan Stanley’s fund solutions platform launched in 2006. It offers both UCITS and non-UCITS funds.

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. Investing - U.S. investors favor currency hedged Europe ETFs as euro tumbles, Quants win back investors as Swiss franc fuels volatility gains, David Einhorn's $7bn hedge fund is loading up on this stock, Hedge fund BlueMountain Capital unveils Ocwen Financial short, claims default on notes[more]

    U.S. investors favor currency hedged Europe ETFs as euro tumbles From Reuters.com: U.S. investors stung by the falling euro who want to stay invested in Europe are turning to exchange-traded funds designed to strip out the impact of the region's currency. The biggest among so-called "cur

  2. News Briefs - Millennials use tech tools to jump into investing, Winklevoss twins to launch bitcoin exchange with FDIC insured deposits, Robertson’s legacy from hedge funds to New Zealand, Real estate managers exploring smaller open-end funds[more]

    Millennials use tech tools to jump into investing It is the Facebookification of monetary investing. From social networking platforms that enable young investors to stick to every other's stock-picking mojo, to internet sites for initially-timers hungry for a piece of the Silicon Valley

  3. Update: Prosecutors seek 12 years for hedge fund manager Francisco Illarramendi[more]

    Komfie Manalo, Opalesque Asia: Federal prosecutors have asked the court to sentence convicted hedge fund manager Francisco Illarramendi to 12 years imprisonment for running an elaborate Ponzi scheme that bilked investors hundreds of millions in dollars, including a Venezuelan pension fund, report

  4. Institutions - Ontario pension fund leader calls all asset classes ‘expensive’, Taiwan's BLF plans $2bn in alternative mandates[more]

    Ontario pension fund leader calls all asset classes ‘expensive’ From WSJ.com: The head of one of the world’s largest pension funds said that across asset classes, “everything is expensive.” Ron Mock, who leads Canada’s $141 billion Ontario Teachers’ Pension Plan, said that the plan would

  5. Opalesque Exclusive: Ex-Citi trader launches 'sleep-at-night’ long/short equity fund[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: After working at Citi's proprietary trading desk, managing a large portfolio between 2008 and 2011, Joel S. Salomon founded SalauMor Management in New York