MSIM Launches Second Retail Fund-of-Funds

Aug 11 2006 | 12:00am ET

Morgan Stanley Investment Management has launched its second retail fund-of-hedge funds program, hoping to raise $300 million for “special tax status investors,” including tax-exempt and tax-deferred individual investors and smaller institutional investors.

The Absolute Return Fund STS will have a $100,000 minimum investment, and follows on the heels of the April release of the Alternative Investment Partners (AIP) Absolute Return Fund, which is for taxable investors.

Morgan Stanley AIP was founded in April 2000 and manages portfolios of hedge funds and private equity assets. The Funds are managed by AIP’s Liquid Markets Team, which is headed by Mustafa Jama.


In Depth

Star Fund Managers Battered By Rocky Ride In Yields, Currencies

May 28 2015 | 6:05am ET

Some of the biggest names in the investment world have been whipsawed by the recent...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

When Less is More: The Case for Concentrated Equity Strategies

Jun 1 2015 | 7:59am ET

The conventional wisdom is that wide diversification is the “holy grail,” as...

 

Sponsored Content

Editor's Note