Wed, Jul 30, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Equinox and Morgan Stanley partner with Longchamp in the European regulated CTA sector

Monday, March 25, 2013
Opalesque Industry Update – Morgan Stanley and Equinox Fund Management LLC (“Equinox”), a U.S.-based multi-manager, have announced their partnership with Longchamp Asset Management, (“Longchamp”) a French asset management company, together “the parties”, in the European regulated CTA space. Through this partnership with Longchamp, Morgan Stanley and Equinox will drive the offering of Commodity Trading Advisor (CTA) strategies forward after successfully launching four CTA strategies on Morgan Stanley’s FundLogic Alternatives Platform in recent months. The four funds offer exposure to complementary strategies implemented by highly talented and renowned managed futures trading advisors including Winton Capital Management, Quantitative Investment Management, Mesirow Financial and Quest Partners.

Through this collaboration, the parties are leveraging their respective expertise by which Morgan Stanley provides its expertise in prime brokerage and futures clearing merchant as well as the fund infrastructure while Equinox contributes its strong CTA expertise and Longchamp their deep knowledge of the European investor base. As such, Longchamp will work jointly with Morgan Stanley to distribute the CTA offering throughout Europe.

“Our collaboration with Equinox and Longchamp and the launch of the first four strategies was an important milestone for our Funds business. It has provided us with the opportunity to expand our product range and offer investors access to this diversifying asset class”, commented Stephane Berthet, Head of FundLogic Alternatives UCITS Platform at Morgan Stanley. “CTAs are a key asset class in portfolio construction given their diversification benefits and potentially contrarian behavior in adverse market environments. We are looking forward to further expanding our capabilities through the partnership with Longchamp.”

David Armstrong, President and Founder of Longchamp commented: “We are thrilled to make concrete our long lasting ties with Morgan Stanley and Equinox through the creation of Longchamp. Equinox’s investment in Longchamp is a further evidence of their commitment to making the distribution of CTA strategies in a UCITS format a huge success.” He added: “We believe Morgan Stanley’s leadership and expertise will prove key factors in successfully making CTA strategies accessible in a UCITS fund format.”

Michel Serieyssol, Managing Director at Equinox and Member of the Advisory Board of Longchamp, added: “Our venture with Longchamp allows us to implement our longstanding aspiration to establish ourselves in Europe. Morgan Stanley’s financial engineering team has been successful in the design of a unique solution through which CTA managers are able to access both the U.S. and European regulated markets leveraging the same technology.”

FundLogic is the brand name for Morgan Stanley’s fund solutions platform launched in 2006. It offers both UCITS and non-UCITS funds. The 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 more recently launched third party manager- 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. Hedge fund manager Winton Capital making headway with long-only strategy[more]

    From PIonline.com: North American investors are helping Winton Capital Management Ltd. make progress — albeit slowly — toward its founder's goal of becoming a $100 billion company. The firm's ticket to quadrupling its assets under management is unlikely to be one of its scientifically designed manag

  2. Opalesque Roundtable: Success in hedge fund marketing not linked to performance, but investor appetite[more]

    Komfie Manalo, Opalesque Asia: Success in marketing a fund is not linked to the performance, but to investor appetite, to the way you can market the fund, and to how much time you can spend to raise assets, said Antoine Rolland, the CEO of incubator and seeding firm

  3. Opalesque Radio: Now is a good time to buy protection cheaply in the options market[more]

    Benedicte Gravrand, Opalesque Geneva: Investors are showing an increased interest in risk parity funds and strategies, Opalesque reported last year. Risk parity strategies have the

  4. The Big Picture: Charlemagne Capital smoothes risk out of frontier market investing with portfolio approach[more]

    Benedicte Gravrand, Opalesque Geneva: Opalesque recently talked to one of the portfolio managers of the Oaks funds, which are emerging and frontier market hedge funds focusing on equity long/short with a directional approach. They are run by

  5. Winton’s low-cost equities fund tops $1bn for first time[more]

    From FT.com: Winton, the London-based hedge fund, has increased the assets in its low-cost equities fund to more than $1bn for the first time in a sign that traditional stock managers may come under increasing pressure from computer-driven rivals. Winton, which manages about $25bn in total ass