Saturday, 28 March 2015
Last updated 17 hours ago
May 13 2013 | 1:46pm ET
Morgan Stanley's fund of funds unit, Alternative Investment Partners, has launched its first mutual fund, incorporating a range of alternative strategies.
The AIP Dynamic Alternative Strategies Fund provides investors with daily liquidity and access to a broad range of strategies to complement traditional equity and fixed-income investments.
The fund, managed by Patrick Reid, Ryan Meredith, Janghoon Kim and Rui de Figueiredo, uses AIP's proprietary hedge fund replication strategy that seeks to generate returns based on several fundamental underlying hedge fund strategies.
The fund also provides exposure to additional non-traditional return sources—including commodities, REITs, private equity and high yield—and and will be actively managed in an effort to capture new opportunities and to manage risk.
“We are excited to present investors with an open-end mutual fund solution that addresses many of the challenges associated with investing in alternatives,” said Reid. “The structure for the AIP Dynamic Alternative Strategies Fund delivers AIP’s investment selection, portfolio construction and risk management expertise in a vehicle that offers daily liquidity, investment transparency and modest investment minimums.”
Morgan Stanley AIP has discretionary and advisory assets of $29.2 billion.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…