Morgan Stanley and PSAM Launch UCITS III Fund

Fund launched on Morgan Stanley's FundLogic Alternatives Plc

London —

Morgan Stanley (NYSE: MS) announced today that it has launched its first UCITS III Fund on the Firm's FundLogic platform managed by an alternative manager. This fund will be managed by P.Schoenfeld Asset Management LP (PSAM) and will offer exposure to a global event-driven investment strategy.

Commenting on the new fund launch, Shahzad Sadique, Executive Director and Head of FundLogic at Morgan Stanley said, "we are seeing a huge level of interest from investors to access alternative asset manager expertise through UCITS Funds and are delighted that PSAM has partnered with Morgan Stanley. We are currently seeking regulatory approval for a number of funds managed by leading alternative asset managers and look forward to launching more UCITS funds on FundLogic in the next few months."

"Our UCITS fund will provide investors with access to a global event-driven strategy which includes mergers and acquisitions, stressed and distressed credit and special situations strategies, while providing them with greater liquidity and transparency - attributes we believe will make the fund attractive to new types of investors," commented Peter Schoenfeld, Chairman and CEO of PSAM.  "We have a long relationship with Morgan Stanley dating back to PSAM's inception in 1997 and it is the logical partner for us on this exciting new product given the strength of its platform and the track record of success we have working together."

FundLogic is the brand name for Morgan Stanley's Structured Fund platform, which was set up in 2006 as a multi asset platform. It can offer both UCITS III and non-UCITS Funds on a global basis. The platform delivers fund solutions to clients by combining the financial expertise, creativity and resources from Morgan Stanley and can offer products ranging from simple Index Funds through to complex investment solutions for institutions.

Fund Details:

Fund Name: MS PSAM Global Event UCITS

Umbrella Fund: FundLogic Alternatives Plc

Funds domicile: Ireland

Investment Manager: P.Schoenfeld Asset Management (PSAM)

Promoter: Morgan Stanley International Plc

Dealing: Weekly dealing (Every Friday)

Custodian: Northern Trust Fiduciary Services (Ireland) Limited

Administrator: Northern Trust International Fund Administration Services (Ireland) Limited

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services.  The Firm's employees serve clients worldwide including corporations, governments, institutions and individuals from more than 1,200 offices in 42 countries.  For further information about Morgan Stanley, please visit www.morganstanley.com.

 

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