Fund launches & closures Hedge Funds

Financial services fund launches on Morgan Stanley platform

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Morgan Stanley has teamed up with Algebris Investments to launch a new financial services sector UCITS hedge fund.

The new fund, MS Algebris Global Financials UCITS, is expected to launch tomorrow (7 January 2011) and offers access to a long/short equity strategy focused on the global financial services sector.

P. Schoenfeld Asset Management was the first alternative manger to use Morgan Stanley’s Irish-domiciled platform FundLogic when it launched its global event-driven investment strategy in August last year.

David Armstrong, managing director and global head of fund-linked business for Morgan Stanley, says: “We continue to see growing demand from investors to access absolute return strategies in a regulated, transparent and liquid format.

“The combination of our UCITS capabilities