US banking giant, Morgan Stanley, announced the official launch of its latest newcits this week.
US banking giant, Morgan Stanley, announced the official launch of its latest newcits this week. The fund, which will be managed by Indus Capital Partners LLC, is the fifth newcits to be onboarded onto FundLogic Alternatives Plc: the bank’s Dublin-domiciled Ucits umbrella. As mentioned in last week’s newsletter, Morgan Stanley is keen to build its fund manager stable across the equity l/s space, having recently onboarded Algebris with its focus on the global financial services sector. This latest fund by Indus Capital will give investors access to an equity l/s strategy focused on Asia Pacific. The firm, established in 2000, has offices across Asia, as well as in London and New York, and looks to identify mispricing investment opportunities inherent in Asian markets. Commenting on the launch, David Armstrong, Managing Director and Global Head of Fund Linked business at Morgan Stanley said that Asia offered some of the “most exciting investment opportunities” for a long/short equity strategy. “We are very pleased to launch our first long/short Ucits fund specialized in this region with Indus Capital,” said Armstrong. “Indus has one of the longest track records of alpha generation in the Asia Pacific region.” Indus Capital said that they were “delighted” to join forces with Morgan Stanley, adding that they chose the US bank for the “extensive operational and risk management infrastructure the firm provides through its platform”. Indus Capital, on aggregate, manages approximately USD4billion across all of its strategies.