Hedge Funds

Morgan Stanley close to rolling out next 'Traxis' on platform


Morgan Stanley Hedge Fund Partners is getting ready to bring on board the second hedge fund in its suite of single-manager hedge funds.

The platform has reportedly inked a deal with a portfolio manager from outside of the firm and will be rolling out a new fund sometime this summer. The new fund will employ a quantitative long/short equity strategy.

Currently, the name of the portfolio manager and the new fund is unknown. However, industry officials speculate that the manager will be highly sought after, as the firm's first fund on the platform, Traxis Partners, started with $400