Monday, 4 May 2015
Last updated 43 min ago
Jan 31 2008 | 11:21am ET
Morgan Stanley Investment Management today said that it has launched the Morgan Stanley Global Long/Short Fund, a global fund of hedge funds that will invest in approximately 20 to 25 long/short equity hedge funds.
The Global Long/Short Fund charges a minimum investment of $100,000, which is far below the usual $1 million minimum required to invest in most hedge funds. And also unlike most hedge fund products, which provide delayed K-1 tax reporting, the new offering will deliver Form 1099 tax reporting by January 31 of each year, according to the firm.
“The Global Long/Short Fund offers investors the potential to capture the upside return of global equity markets while helping to reduce downside exposure,” said Mustafa Jama, CIO of Morgan Stanley Alternative Investment Partner's fund of hedge funds team. “As such, it may serve as an attractive alternative to long only equities investing for those seeking to enhance the risk/reward profile of their equity portfolio.”
Morgan Stanley AIP was founded in April 2000 and manages portfolios of hedge funds and private equity funds. The firm also manages the $900 million Absolute Return Fund and Absolute Return Fund STS.
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…