Thursday, 28 July 2016
Last updated 2 min ago
Jan 11 2011 | 6:01am ET
Algebris Investment is launching a UCITS III-compliant version of its long/short financial equities fund, becoming the fourth fund on Morgan Stanley’s UCITS platform.
The new fund is still fundraising, HFMWeek reports, and will not have a final launch total until this week. MS Algebris Global Financials will be managed by Algebris’ Davide Serra and Eric Halet.
“We believe the sector offers many opportunities for a long/short equity manager and in particular the UCITS fund we are launching in partnership with Morgan Stanley is based on the research process we have been successfully developing for the past four years,” Serra said.
Algebris said last month that it planned to launch UCITS version of the financials fund and its new contingent convertible bonds fund.
Morgan Stanley launched its FundLogic Alternatives UCITS platform in September.