Wednesday, 24 August 2016
Last updated 8 hours ago
Aug 17 2010 | 9:02am ET
Morgan Stanley has launched its first UCITS III fund on the firm's FundLogic platform. The new vehicle will be managed by P.Schoenfeld Asset Management and will offer exposure to a global event-driven investment strategy.
"Our UCITS fund will provide investors with access to a global event-driven strategy which includes mergers and acquisitions, stressed and distressed credit and special situations strategies, while providing them with greater liquidity and transparency - attributes we believe will make the fund attractive to new types of investors," said Peter Schoenfeld, chairman and CEO of PSAM.
Shahzad Sadique, executive director and head of FundLogic at Morgan Stanley, said that the firm is currently seeking regulatory approval for more alternative investment funds and that the firm "look[s] forward to launching more UCITS funds on FundLogic in the next few months."
FundLogic is the brand name for Morgan Stanley's structured fund platform, which was set up in 2006 as a multi asset platform. It offers both UCITS III and non-UCITS funds.