Sat, Jul 2, 2016
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. Investing - Soros, Druckenmiller among hedgies profiting in market plunge, Hedge funds were most bullish on bonds since 2004 before Brexit, Surprise Brexit vote unleashes scramble for dollars, High-yield hit on Brexit but no panic selling, Scientist turned hedge fund founder lured to pound, euro, Hedge fund avoids commodities, posts big gains[more]

    Soros, Druckenmiller among hedgies profiting in market plunge From HITC.com: Bullish positions in gold and volatility and well-timed short bets on China and emerging markets, among other areas, were some of the trades that benefited hedge funds on Friday as markets digested Britons' s

  2. Manager Profile - A 26-year old hedge fund manager called Brexit — here's what he thinks about the historic vote[more]

    From Businessinsider.com: Taylor Mann is not your typical fund manager. The twenty-six year old Texas A&M graduate manages Pine Capital in Larue, Texas (population 160), where he resides with his three-year old daughter. Also atypical compared with many of the largest funds out there, Mann makes

  3. Chesapeake Partners to liquidate hedge fund amidst 'hostile environment'[more]

    Komfie Manalo, Opalesque Asia: Chesapeake Partners Management, the hedge fund run by woman fund manager Traci Lerner said it would return investors’ money after 25 years because the market environment has become "hostile" to manage other people’s money, reported

  4. Europe - George Soros says Brexit has ‘unleashed’ a financial markets crisis, Brexit—what we know, Will the UK’s departure be a ‘soft-Brexit’ or a ‘hard-Brexit’?, Brexit: Six-point action plan for asset managers[more]

    George Soros says Brexit has ‘unleashed’ a financial markets crisis From Bloomberg.com: Britain’s decision to leave the European Union has “unleashed” a crisis in financial markets similar to the global financial crisis of 2007 and 2008, George Soros told the European Parliament in Bruss

  5. Hedge Fund Due Diligence Exchange offers complete due diligence reports at $1500[more]

    Matthias Knab, Opalesque: HFDDX is offering complete alternative investment due diligence reports at $1500 US. Industry professionals can simply go to www.hfddx.com and indicate their interest in sponsoring one or more DD Reports for $1500 each.