Thu, Feb 11, 2016
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. Credit Suisse cherry picks hedge fund ideas[more]

    From FT.com: Credit Suisse Asset Management plans to cherry pick profitable concepts from hedge funds with the launch in Europe of a “best ideas” strategy. The investment arm of the Swiss bank said the strategy will separate it from other funds blighted by “overcrowding problems”. It comes at a time

  2. Investing - Hedge funds bet on risks in U.S. blue-chip debt, Hedge funds bets against bank credit risk paying off, Tiger Global still likes Internet names, gets pointers from Jeter[more]

    Hedge funds bet on risks in U.S. blue-chip debt From WSJ.com: Hedge funds are betting the next bond sector to crack will be the $4.5 trillion market for the safest U.S. corporate debt. New York’s Perry Capital has placed a $1 billion wager against investment-grade bonds issued by 10 comp

  3. Short Selling - Hedge fund manager Kyle Bass is shorting real estate—again, Top US hedge fund has €80m short position in Paddy Power Betfair[more]

    Hedge fund manager Kyle Bass is shorting real estate—again From Fortune.com: He also predicted the mortgage crisis in 2008. Hedge fund manager Kyle Bass, who runs Dallas-based Hayman Capital, tanked the stock of a little-known real estate financier Friday by revealing that he is shorting

  4. Investing - Real estate secondaries sole 'bright spot' in 2015, As hedge funds stumble, one firm prepares to buy illiquid stakes[more]

    Real estate secondaries sole 'bright spot' in 2015 From IPE.com: The secondary market for property was the sole “bright spot” over the course of 2015, as hedge fund secondaries saw deals fall by two-thirds, according to a wide-ranging survey of the market. Setter Capital said 2015 saw th

  5. Opalesque Exclusive: Directors want to be considered trusted partners by new manager[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: A hedge fund director provides her perspective on emerging hedge fund managers. She will happily work with those who have set themselves up for future growth, s