Morgan Stanley Vets Ready To Launch Hedge Fund

Dec 7 2011 | 12:13pm ET

Quiris Capital is ready to meet the public.

The London-based foreign exchange specialist is set to roll out its maiden hedge fund early next year, HFMWeek reports. The strategy, which Quiris has run as a managed account since February, is up 18.7% on the year. Simulated trading has the strategy up 23.82%, including January.

Quiris closed its initial offering period late last month and is though to have a modest amount of assets under management. The firm is in talks with a potential seed investor, according to HFM, with hopes of raising US$75 million by the end of the year.

The firm was founded late last year by three Morgan Stanley veterans, Chris Callan, Richard Mhende and Justin Simpson. Simpson serves as Quiris' CEO, Callan as chief investment officer and Mhende as chief operating officer.

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