Mon, Nov 24, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Morgan Stanley partners with Longchamp and La Française to provide investors with access to new alternative UCITS funds

Thursday, September 26, 2013
Opalesque Industry Update - Morgan Stanley today announced its partnership with Longchamp Asset Management (“Longchamp”), a French-based asset manager, specialising in the distribution of UCITS Hedge Funds, and La Française AM, a multispecialist asset manager with a ten year track record in alternative investments.

Through this collaboration, Morgan Stanley, Longchamp and La Française AM are leveraging their respective expertise to provide investors with access to new alternative UCITS Sub-Funds, through a joint selection and seeding arrangement with La Française AM. Currently, three funds have already been jointly selected and seeded by La Française AM under this partnership: the MS Turner Spectrum UCITS Fund, the MS Dalton Asia Pacific UCITS Fund and the MS TCW Unconstrained Plus Bond Fund.

“Our collaboration with Longchamp and La Française AM is an exciting venture for our Funds business. It provides us with the opportunity to expand our product range and offer investors access to a diverse range of strategies”, Stephane Berthet, Head of FundLogic Alternatives at Morgan Stanley, commented. “We are looking forward to this unique partnership and the benefits it can ultimately offer to our investors.” David Armstrong, President and Founder of Longchamp, added: “This venture with Morgan Stanley and La Française AM is an exciting opportunity. Morgan Stanley is the market leader in the UCITS alternatives space, with an unparalleled platform offering a diverse range of strategies, strong risk management and robust infrastructure.”

Patrick Riviere, Managing Director of La Française, commented: “La Française AM is a pioneer in terms of alternative investments. Ten years ago, we launched Alteram, a successful asset management company specialised in funds of hedge funds. Today we continue to believe in alternative investments as a perfect solution for investors as long as you can provide them with transparency, liquidity, and an attractive pricing. It’s exactly the aim of this partnership where La Française, alongside Morgan Stanley, is part of a seeding program. Within this strategic partnership La Française will be able to effectively leverage its competence and offer a new generation of alternative investments to its clients.”

FundLogic is the brand name for Morgan Stanley’s fund solutions platform launched in 2006. It offers both UCITS and non-UCITS funds. FundLogic, being part of Morgan Stanley’s Multi Asset Platform, delivers fund solutions to clients by combining the financial expertise, innovation and resources of Morgan Stanley, and offers a range of products including passive index funds, structured funds and the third party manager-UCITS funds.

Platform Details:
Platform Name: FundLogic
Umbrella Fund: FundLogic Alternatives Plc
Fund Domicile: Ireland
Number of Funds: 20
AUM $1.6bn (as of Sep-13)
Custodian: Northern Trust Fiduciary Services (Ireland) Limited
Administrator: Northern Trust International Fund Administration Services (Ireland) Ltd
Contact: fundlogic-ir@morganstanley.com

Press release

Recent related articles:
25.Mar.2013 Equinox and Morgan Stanley partner with Longchamp in the European regulated CTA sector
17.Apr.2013 NewApha and NExT AM may merge to create leading European business incubator
22.Jul.2013 Morgan Stanley launches Asia UCITS fund with Dalton Investments

Bg

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 - George Soros puts $500m of his money on Bill Gross, Soros, Paulson backed Hispania Activos mulls Realia takeover, Ex-Credit Suisse trader’s hedge fund sees yen shorts as crowded, Hedge hunters double default-swaps as views split, Large hedge fund positions come under pressure, Vikram Pandit's fund picks 50% stake in JM Financial's realty lending arm for $87m[more]

    George Soros puts $500m of his money on Bill Gross From WSJ.com: Before Bill Gross was fully settled in at his new firm, Janus Capital Group Inc., he received an unlikely visit from the chief investment officer of famed investor George Soros ’s firm, according to a person familiar with t

  2. Greenlight Re CEO says hedge fund reinsurance strategy buzz is validating[more]

    From Artemis.bm: The attention being paid to the hedge fund reinsurance business model and the fact that others are now looking to leverage bits of it within their own strategies, is validating for reinsurer Greenlight Capital Re, according to CEO Bart Hedges. There has been an increasing buzz

  3. Legal - Hedge fund manager fights £8m tax tribunal ruling[more]

    From FT.com: A hedge fund manager who may have to repay £8m in tax is trying to overturn a tribunal ruling that found he had attempted to shelter millions in an avoidance scheme. Patrick Degorce, chief investment officer at Theleme Partners, lost a tax tribunal case last year. HM Revenue & Customs c

  4. Europe - Hedge funds face exit tax as Iceland central bank discusses plan[more]

    From Bloomberg.com: Hedge funds and other creditors with claims against Iceland’s failed banks face an exit tax as the island looks for ways to unwind capital controls without hurting the economy. The government targets having a plan it can present by year-end that would map out how Iceland will sca

  5. People - Bessemer hires Frank Frecentese for hedge fund advisory role[more]

    From WSJ.com: Multi-family office Bessemer Trust has hired Frank Frecentese to help build out its business advising wealthy families on hedge-fund investments, nabbing him from Societe Generale’s Lyxor asset management arm. Mr. Frecentese, who was the head of hedge-fund investments at Citibank