Digital Assets Report

Newsletter

Like this article?

Sign up to our free newsletter

Morgan Stanley launches Healthcare UCITS fund

Related Topics

Morgan Stanley’s Dublin-based UCITS umbrella, FundLogic Alternatives Plc, has added another new fund to its stable.

Morgan Stanley’s Dublin-based UCITS umbrella, FundLogic Alternatives Plc, has added another new fund to its stable. The new fund is called the MS Perella Weinberg Partners Tōkum Long/Short Healthcare UCITS Fund and must surely be a contender for longest title this year. As its name implies, the fund is to be managed by Perella Weinberg Partners with Morgan Stanley acting as fund promoter. Perella Weinberg Partners are headquartered in New York and currently manage approximately USD8.2billion in assets (as of 1 August 2011). The fund will employ a global equity l/s strategy within the healthcare sector focusing on biotechnology and pharmaceutical companies as well as those engaged in medical technology and services. Morgan Stanley’s Managing Director and Global Head of Fund and Fund-linked business, David Armstrong, said that the launch of this healthcare UCITS added “an outstanding option” to gain exposure to a new sector-focused strategy, adding: “We look forward to our partnership with Perella Weinberg Partners to offer investors a new route to capture the evolutions of the healthcare industry.” The fund’s portfolio manager is Emile Westergaard. Westergaard believes the fund will leverage his team’s bottom-up fundamental research approach to identify “material levers impacting businesses positively or negatively over a two- to four-year horizon”.

Like this article? Sign up to our free newsletter

Most Popular

Further Reading

Featured