Morgan Stanley Alternative Investment Partners (AIP) has launched the AIP Dynamic Alternative Strategies Fund, its first-ever mutual fund.
The new mutual fund provides investors with daily liquidity and a one-step means of accessing a broad range of alternative strategies that may complement traditional equity and fixed income investments.
“AIP has been successfully managing portfolios of non-traditional strategies on behalf of clients for years, and the new AIP Dynamic Alternative Strategies Fund will enable a broader group of investors to pursue the diversification benefits of alternatives,” says Ryan Meredith, co-portfolio manager.
The fund 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 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,” says Patrick Reid, co-portfolio manager. “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.”