Fri, Mar 27, 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. Other Voices: Does the hedge fund industry benefit society?[more]

    This article was authored by Don Steinbrugge, Chairman of Agecroft Partners, a US-based global consulting and third party marketing firm for hedge funds. It is no secret that the hedge fund industry is viewed negatively by a la

  2. Private credit comes into focus for investors[more]

    Bailey McCann, Opalesque New York: As investors look for a way out of the low yield/no yield environment, private credit is becoming an increasingly attractive asset class, according to a white paper from Bayshore Capital Advisors. Private credit has grown steadily since the financial crisis as

  3. Other Voices: The role of diversification in CTA portfolios[more]

    2014 brought a resurgence of managed futures strategies, or CTAs, which performed very well as a whole, outperforming all other hedge fund strategies. However, a closer look reveals that there was a wide range of performance, or return dispersion, across managers. The bottom line? Not all CTAs

  4. Neuberger Berman unit buys 20% stake in activist hedge fund Jana Partners for $2bn[more]

    Komfie Manalo, Opalesque Asia: Neuberger Berman’s unit Dyal Capital Partners bought a 20% stake in activist hedge fund firm Jana Partners worth $2bn, WSJ.com reports. The deal comes as activi

  5. Hedge fund launches fall again, $1bn funds found to outperform even smaller hedge funds[more]

    Komfie Manalo, Opalesque Asia: The number of new hedge fund launches fell again in 2014, the third consecutive year of decline, while fund liquidations saw their first drop since 2010, according to the latest HFR Market Microstructure Industry Report released by industry data provider HFR. Acc

 

banner