It’s been a good four months for Morgan Stanley’s Dublin-based UCITS platform, FundLogic Alternatives.
It’s been a good four months for Morgan Stanley’s Dublin-based UCITS platform, FundLogic Alternatives. With several new funds having joined recently, and with investor appetite for onshore products showing no signs of abating, assets in the platform have risen almost USD300million reported HFMWeek. FundLogic Alternatives only launched last September, but since the beginning of April, when assets stood at USD355million, they’ve seen grown to USD650million. Over that period four funds have been added to the platform, the most recent being Perella Weinberg’s Tokum health fund on 17 August with USD25million. Other recent additions include: MS Cohen & Steers Global Real Estate L/S fund in July; MS Ascend UCITS Fund in May, and MS SOAM US Financial Services fund in April. The platform now hosts ten funds in total although it still has a little way to go to catch the Schroder GAIA platform, which now has north of USD1billion in AUM and BAML’s industry leading MLIS platform with over USD2billion in AUM. The fact that Goldman Sachs also recently extended its own UCITS platform to support external fund managers shows how hot the competition is getting. Watch this space!