Andrew Harmstone
Managing Director
Andrew Harmstone
Managing Director

Andrew Harmstone

Managing Director

Andrew Harmstone is a senior portfolio manager in the Global Multi-Asset team and heads the London-based Global Balanced Risk Control (GBaR) strategy. He joined Morgan Stanley Investment Management in 2008 and has 37 years of industry experience. Andrew developed his asset allocation experience in the early stages of his career, during his years working at JP Morgan Investment Management (1986–1997). During this period, he also honed his skills using derivatives in an asset allocation context and was appointed a consultant to the Presidential Task Force on Market Mechanisms investigating the 1987 Market Break. Andrew subsequently spent time with Bear Stearns and Lehman Brothers, heading European Quantitative and Derivatives research, being voted into 1st place in the 2001 Institutional Investor Survey. Andrew received an M.A. in Business Economics from the University of Pennsylvania, and a B.A. (Honors) in Economics from the University of Wisconsin.
Market Outlook
(It's Not War) Just the End of Love
May 01, 2018
We see the tariff tantrum between the US and China as a negotiating tactic rather than the start of a trade war, presenting opportunities for investors who can trade around the volatility.
Market Outlook
A Convergence of Fortune
Apr 06, 2018
As the global economy continues to improve, emerging markets (EM) are converging with developed markets.
Market Outlook
Secular Stagnation: R.I.P.
Feb 28, 2018
The dramatic market correction in February confirmed the surprises we predicted in inflation and volatility. We assess what this might mean for the rest of 2018.

Team members may change from time to time.

The information on this page is for informational purposes only. It is intended for the benefit of third party issuers and those seeking information about alternatives investment strategies. The information contained herein does not constitute and should not be construed as an offering of advisory services or an offer to sell or a solicitation of an offer to buy any securities in any jurisdiction in which such offer or solicitation, purchase or sale would be unlawful under the securities, insurance or other laws of such jurisdiction.

All investing involves risks, including a loss of principal. Alternative investments are speculative and involve a high degree of risk. These investments are designed for investors who understand and are willing to accept these risks. Performance may be volatile, and an investor could lose all or a substantial portion of his or her investment.

Please refer to the strategy detail page for important information on the strategy, including additional risk considerations.


It is important that users read the Terms of Use before proceeding as it explains certain legal and regulatory restrictions applicable to the dissemination of information pertaining to Morgan Stanley Investment Management's investment products.

The services described on this website may not be available in all jurisdictions or to all persons. For further details, please see our Terms of Use.

Not FDIC Insured—Offer No Bank Guarantee—May Lose Value
Not Insured By Any Federal Government Agency—Not A Deposit

Privacy & Cookies    •    Terms of Use

©  Morgan Stanley. All rights reserved.

Morgan Stanley Distribution, Inc. Member FINRA/SIPC.