Fund launches & closures

Macro specialists debut fund on Morgan Stanley platform

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Morgan Stanley has launched a new global macro fund on its Irish-domiciled FundLogic Alternative UCITS platform.

The MS SLJ Macro UCITS Fund will provide investors with an opportunity to gain exposure to a global macro strategy focused, but not exclusively, on foreign exchange markets.

The fund will be managed by SLJ Macro Partners, a London-based asset manager co-founded by Stephen Jen and Fatih Yilmaz.

The fund seeks to achieve absolute returns, which are expected to have a low correlation to traditional asset class returns, whilst limiting the potential for capital losses.

David Armstrong, managing director and global head of