Performance RIC Watch

RIC Watch: Morgan Stanley spins out dedicated macro strategies RIC


Morgan Stanley Institutional Fund of Hedge Funds

Morgan Stanley Alternative Investment Partners, which advises Morgan Stanley’s funds of funds business, is set to launch a global macro dedicated product to sit along side the Morgan Stanley Global L/S Fund (see story, page 27). Morgan Stanley was considered to be among the first institutional FoHF players with its original portfolio coming from the hedge fund investments of the Weyerhaeuser group. Today, the bank is the seventh-largest funds of funds in the world with nearly $20 billion in assets.

According to the last RIC survey, the bank has some $2.5 billion in RIC structures. At the end