Launches & Closures

Claritas, MS join up for Brazilian long/short equity UCITS launch

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Morgan Stanley is expanding the range of hedge fund strategies offered on its UCITS fund platform with the launch of a Brazilian long/short equity market-neutral strategy managed by long-standing Brazilian alternative investments group Claritas Investimentos.

The new MS Claritas Long Short Market Neutral UCITS Fund, which will be offered with weekly liquidity on Morgan Stanley’s Irish-domiciled UCITS umbrella fund platform FundLogic Alternatives Plc, is managed by Claritas Administração de Recursos Ltda.

The underlying Claritas strategy, which has approximately $1.87 billion in assets under management, targets uncorrelated returns with Brazilian equity indices via an all-sector long/short approach that maintains