Opalesque Industry Update - Morgan Stanley announced the launch of a new
fund, the MS Dalton Asia Pacific UCITS Fund (the “Fund”), under its FundLogic Alternatives plc
umbrella. The Fund provides exposure to Dalton’s Asian equity capabilities and will invest across the
Asia Pacific region in a long/short format. The FundLogic platform currently has more than $1bn in
assets under management and, with this latest addition, now offers UCITS investors a diversified
range of 20 funds. Longchamp Asset Management has been appointed as the sole distributor of the
“We are excited to provide UCITS investors access to Dalton’s expertise in Asian equities. Dalton complements our existing offering by extending our coverage of the Asia Pacific Region”, said Stephane Berthet, Head of the FundLogic Alternatives Platform, at Morgan Stanley. Dalton Investments LLC was established by James Rosenwald and is a recognised authority in Pacific Rim investing, with over 30 years of investment experience. It currently has over $1.2bn in assets under management within Asia.
James Rosenwald commented: “The FundLogic Platform aligns with Dalton’s interests – providing a first class service with its stringent risk management and operational expertise. We are delighted by this opportunity to partner with Morgan Stanley, in launching the MS Dalton Asia Pacific UCITS Fund.”
David Armstrong, President and Founder of Longchamp Asset Management, added: “Dalton has an exceptional strength in the Asian markets. Their experienced, multi-cultural, on the-ground investment team gives them an edge in alpha generation. The Strategy emphasizes value investments: investing with long-term, disciplined, rigorous bottom-up analysis. Dalton looks to go long deep value opportunities, with strong alignment of interest, and short companies with declining catalysts. They prioritise the management of risk, concentrating on capital preservation, whilst focusing on a longer term investment perspective.”
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.