Industry Updates

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

Monday, October 14, 2013

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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