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Industry Updates

Two new managers join FX Gateway

Wednesday, August 08, 2012
Opalesque Industry Updates - Morgan Stanley today announced that Hong Kong-based currency manager Ortus Capital Management and Swiss-based currency manager Quaesta Capital have joined FX Gateway, a multi-manager platform aimed at providing institutional investors access to select currency managers. Morgan Stanley acts as the FX Prime Broker and distributor for FX Gateway. With the addition of Ortus Capital Management and Quaesta Capital, the number of managers available on the platform totals twelve, less than one year after FX Gateway’s launch in September 2011.

Ortus Capital Management, a systematic manager led by Dr. Joe Zhou in Hong Kong, currently has in excess of $3bn assets under management. Going live on FX Gateway will give the company access to investors who want to invest their assets on an unfunded basis, in smaller allocation sizes or at customized volatility levels. The Ortus program features weekly liquidity.

The Swiss financial service provider Quaesta Capital will present the first volatility-focused strategy available through FX Gateway. Given the low correlation to other managers, the inclusion of Quaesta Capital contributes to the diversity of the managers on the platform and enables investors to select complementary currency strategies available on the platform.

FX Gateway expands on Morgan Stanley’s broader UCITS and managed account offering, which currently has over $3.7bn in assets under management. The platform aims to provide institutional investors access to select currency managers, who in turn benefit from a more diversified investor base. FX Gateway employs strict selection criteria, a standardized due diligence process and ongoing monitoring of currency managers, each of which is conducted by Mercer Investment Consulting in its role as the program advisor and fiduciary for the platform.

“We are proud that Ortus and Quaesta have joined FX Gateway. These two managers are a great addition to the diverse group of managers on the platform”, James Rogers, Executive Director and Head of FX Gateway commented. “Institutional clients are increasingly attracted to the FX market and the platform brings together Morgan Stanley’s expertise in the FX business and our distribution capabilities.”

Bill Lu, Deputy Chief Investment Officer at Ortus Capital Management said: “Ortus is honored to be added to the manager list selected for the FX Gateway product. We have been very impressed by FX Gateway’s offering and the resource commitment Morgan Stanley has made to ensure the success of the FX Gateway product. We are working closely with the FX Gateway team to allow a wider range of clients to have broad access to the Ortus Currency Program. We believe the combination of Ortus’ long track record and the flexibility and depth of the FX Gateway product gives many more investors more opportunities for alpha from the currency asset class.”

Commenting on the addition of Quaesta Capital’s FX v-Pro strategy, Thomas Suter, CEO of Quaesta Capital, said: “We are delighted to be the latest FX manager joining the FX Gateway platform. We believe our long/short FX volatility strategy forms a great addition to the already existing FX manager base of FX Gateway. FX v-Pro is the first strategy with a clear focus on FX volatility trading on the platform. v-Pro does not focus on directional trading ideas, hence provides a perfect addition to a well-diversified investment portfolio.”

The following managers are currently available on FX Gateway: AllianceBernstein L.P., The Cambridge Strategy (Asset Management) Limited, C-View Limited, FDO Partners, LLC, GAM International Management Limited, Harmonic Capital Partners LLP, Oppenheim Capital Management GmbH, Ortus Capital Management Limited, P/E Global LLC, QFS Asset Management, L.P., Quaesta Capital Optivest AG, and Rhicon Currency Management Pte Ltd. Corporate website: Source

(press release)

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