Thu, Oct 23, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Morgan Stanley launches MS Broadmark Tactical Plus UCITS Fund under FundLogic Alternatives plc umbrella

Monday, October 14, 2013
Opalesque Industry Update - Morgan Stanley announces the launch of a new fund, the MS Broadmark Tactical Plus UCITS Fund, under its FundLogic Alternatives plc umbrella. The Fund, which is managed by Broadmark, seeks to produce aboveaverage risk-adjusted returns with less downside volatility than the S&P 500 Index through any market cycle. The Fund aims to do this by gaining both long and short exposure to equity markets by investing primarily in U.S. equity-based futures, ETF's and options.

Stephane Berthet, Head of the FundLogic Alternatives Platform at Morgan Stanley, commented: “This partnership with Broadmark gives investors access to a unique fund that provides a diversifier to their portfolios.” He added: “The top-down methodology of the strategy is based on the readings of macroeconomic data, including valuation, monetary factors, investor sentiment, and breadth/volume momentum models. The Fund is aiming to take advantage of large institutional managers repositioning their portfolios in the equity markets in response to changes in the macroeconomic environment and investor expectations.”

Christopher Guptill, Broadmark’s CIO and co-CEO, said: “Launching a fund with Morgan Stanley allows Broadmark to access the established infrastructure of the FundLogic Platform, enabling us to focus on our investment strategy. We are excited about offering this Fund to European investors, and believe that it offers something unique in the way that it aims to potentially benefit in both bull and bear markets.”

FundLogic is the brand name for Morgan Stanley’s fund solutions platform launched in 2006. It offers both UCITS and non-UCITS funds. FundLogic, being part of Morgan Stanley’s Multi Asset 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 third party manager-UCITS funds. It currently has more than $1.7bn in assets under management and, with this latest addition, now offers UCITS investors a diversified range of 21 funds.

Fund Details:
Fund Name: MS Broadmark Tactical Plus UCITS Fund
Umbrella Fund: FundLogic Alternatives Plc
Fund Domicile: Ireland
Passporting: France, Italy, UK and Spain. In process in Germany and Switzerland.
Investment Manager: Broadmark Asset Management LLC
Investment Objective: The Fund’s investment objective is to seek to produce, in any market environment, above-average risk-adjusted returns and less risk of capital depreciation than the overall U.S. equity market.
Promoter: Morgan Stanley & Co International Plc
Liquidity: Daily
Custodian: Northern Trust Fiduciary Services (Ireland) Limited
Administrator: Northern Trust International Fund Administration Services (Ireland) Ltd
Contact: fundlogic-ir@morganstanley.com
www.morganstanley.com

Press release

Recent related articles:
26.Sep.2013 Morgan Stanley partners with Longchamp and La Française to provide investors with access to new alternative UCITS funds
22.Jul.2013 Morgan Stanley launches Asia UCITS fund with Dalton Investments
25.Mar.2013 Equinox and Morgan Stanley partner with Longchamp in the European regulated CTA sector
25.FEb.2013 Morgan Stanley to launch a new UCITS Fund that offers exposure to Mesirow Financial's Absolute Return Plus Strategy
07.02.2013 UCITS fund based on Winton Capital's diversified program launched by Morgan Stanley
17.Jan.2013 Morgan Stanley and Quantitative Investment Management partner to launch a new UCITS Fund

Bg

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   

Banner

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. Commodities - Oil wreaking havoc on small-cap energy stocks sliding 36%[more]

    From Bloomberg.com: Owning almost anything in the U.S. stock market has been a losing proposition since September. Owning smaller energy companies has been a catastrophe. Hercules Offshore Inc. and Resolute Energy Corp. are among 19 oil-and-gas equities in the Russell 2000 Index that lost more than

  2. Investing - Hedge funds favor equity long/short, Strategic bond managers hedge against further high yield sell-off[more]

    Hedge funds favor equity long/short From Securitieslendingtimes.com: Equity long/short strategies will generate good returns for hedge funds in the future, according to a panel at this year’s Risk Management Association Conference on Securities Lending in Naples, Florida. Panellists Sand

  3. Legal - Ex-hedge fund analyst weeps as judge hands down 5 year sentence, Former Columbus investment manager Steven P. Moore indicted on theft charges, SEBI confirms ban for Hong Kong hedge fund, SEC announces enforcement action against compliance officer[more]

    Ex-hedge fund analyst weeps as judge hands down 5 year sentence From Hereisthecity.com: An ex-hedge fund analyst was sentenced to 5 years in prison for his role in insider-trading scheme. The New York Post reports that former hedge fund analyst Matthew Teeple was sentenced Thursday to fiv

  4. Goldman in talks to acquire IndexIQ[more]

    From Bloomberg.com: Can Goldman Sachs put ETF investors on a liquid diet? Goldman is in talks to acquire IndexIQ, Reuters has reported. Index IQ is a small exchange-traded-fund firm known mostly for products that replicate hedge fund strategies, called "liquid alternative" ETFs. While IndexIQ has 11

  5. Other Voices: CALPERS dilemma should be a warning to hedge funds wanting institutional investors[more]

    From Ian Hamilton, founder of IDS Group. A quick comment on the CALPERS’ disinvestment from the hedge fund market and the jitters it is causing. Pension Funds should not be sheep and follow CALPERS’ decision as the issues that CALPERS has with hedge fund investments are in many ways unique t