Sat, Jan 31, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Morgan Stanley to launch a new UCITS Fund that offers exposure to Mesirow Financial's Absolute Return Plus Strategy

Monday, February 25, 2013
Opalesque Industry Update: Morgan Stanley today announced the launch of a new fund, the MS Discretionary Plus UCITS Fund, under its FundLogic Alternatives plc umbrella. The fund, which provides exposure to the Mesirow Absolute Return Plus Strategy, is the last in a series of four CTA strategies to be made available in a UCITS format through Morgan Stanley’s partnership with Equinox Fund Management LLC, a U.S.-based multi-manager, specializing in constructing portfolios of multiple Commodity Trading Advisor programs.

This latest addition diversifies Morgan Stanley’s offering of CTA strategies, which currently comprises of a fully transparent and systematic strategy providing exposure to the broad class of managed futures, a short to medium-term pattern recognition program and a long-term trend following program.

“We are proud to provide UCITS investors with access to the Mesirow Absolute Return Plus Strategy, established by Tom C. Willis, an acknowledged market leader in the industry with over 30 years trading experience”, said Alvise Munari, Managing Director and Global Head of Equity Derivatives, Sales and Financial Engineering at Morgan Stanley.

He added: “Mesirow Financial, which has over $65bn of assets under management for all asset classes, has a deep expertise in commodity markets, which has allowed them to deliver innovative solutions for clients worldwide. The Strategy has a large emphasis on commodities, aiming to have a minimum of 75% commodities exposure. It identifies two to three macro themes that are played through futures contracts whilst limiting the amount at risk per trade. This allows consistent returns to be generated, with low volatility in various market environments, with the aim of generating returns in both rising and falling markets.”

Michel Serieyssol, Managing Director at Equinox, commented: “We are delighted by the fourth successful UCITS launch with our partner, Morgan Stanley. Mesirow is a terrific addition to the FundLogic Alternatives Platform, providing investors with a strong diversification tool in Mesirow’s commodity-focused macro approach. Overall, we could not be any happier with the quality and breadth of the CTA offerings we have brought to the market with Morgan Stanley.”

Aaron Ochstein of Mesirow commented: “Morgan Stanley is a market leader in the UCITS Alternatives space, with one of the fastest growing platforms, high-end risk management and operational expertise. We are delighted by this opportunity to partner with both Morgan Stanley and Equinox, in providing access to the Mesirow Absolute Return Plus Strategy to UCITS investors.”

Tom Willis, Senior Strategist and Portfolio Manager of the Mesirow Absolute Plus Strategy said: “As Portfolio Manager, I am excited about the launch of the MS Discretionary Plus Fund, which we believe offers UCITS investors an opportunity to benefit from a strong macro-focused diversification approach. The strength of our Strategy is our seasoned investment team, our disciplined risk management process with an emphasis on capital preservation, combined with a targeted high percentage of profitable trades, on a high win/loss ratio. The Strategy seeks to avoid portfolio concentration on multiple levels, including price, concentration, time, and trade structure, ensuring a strong strategy all around.”

Morgan Stanley

Press Release

BM

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. 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 SalaurMor Management in New Yor

  2. 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

  3. 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

  4. 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

  5. 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