Tuesday, 26 July 2016
Last updated 31 min ago
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.