Friday, 29 August 2014
Last updated 1 hour 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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...