Fund launches & closures

Morgan Stanley teams up with Claritas for Brazilian equity launch

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

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, is managed by Claritas Administração de Recursos.

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