Morgan Stanley

Morgan Stanley and Sandler O’Neill Asset Management Launch UCITS III Fund

Apr 11, 2011

Fund launched on Morgan Stanley’s FundLogic Alternatives Plc

New York —


Morgan Stanley (NYSE: MS) today announced the launch of a new fund under its Ucits Irish umbrella, FundLogic Alternatives. The new fund will be managed by New York based Sandler O’Neill Asset Management, LLC (“SOAM”) and will offer access to a long/short equity strategy focused on the U.S. financial services industry.

“We are proud to announce that Sandler O’Neill Asset Management has teamed up with Morgan Stanley to enter the Ucits space. This new addition to our FundLogic Alternatives Platform is another step towards an increasingly diversified offering,” commented David Armstrong, Managing Director and Global Head of Fund-Linked business at Morgan Stanley. “We continue to see strong appetite from investors for absolute return strategies in a Ucits format and find many exciting opportunities with U.S. based asset managers willing to strengthen their European footing. Our partnership with SOAM, an established manager with a long history of impressive returns, goes a long way to meet this healthy demand.  This initiative will provide investors with a unique opportunity to participate in a U.S. financial services strategy”.

Commenting on the launch, Terry Maltese, President & CEO of SOAM and Portfolio Manager of the Ucits fund, said “Our Ucits fund will offer an opportunity to participate in our conservative and research intensive long/short equity strategy focused on US financial services.  With over 15 years experience running a similar strategy, our firm’s broad and deep investment team has demonstrated the ability to deliver solid returns investing in this sector. We are excited to partner with Morgan Stanley because of their robust operational framework, risk management expertise and the ability to capitalize on their extensive distribution network.”

FundLogic is the platform brand name for Morgan Stanley fund solutions launched in 2006.

It can offer both Ucits and non-Ucits Funds on a global basis. The platform delivers fund solutions to clients by combining the financial expertise, innovation and resources of Morgan Stanley and offers a range of products including simple Index Funds, Structured Funds and the more recently launched Third Party managers Ucits Funds.

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Fund Details:

Fund Name: MS SOAM U.S. Financial Services UCITS Fund

Umbrella Fund: FundLogic Alternatives Plc

Funds domicile: Ireland

Investment Manager: Sandler O’Neill Asset Management, LLC

Promoter: Morgan Stanley & Co International Plc

Liquidity: Weekly

Custodian: Northern Trust Fiduciary Services (Ireland) Limited

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


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


Applications for shares in any sub-fund of the FundLogic Alternatives plc (the “Fund”) should not be made without first consulting the Fund’s current Prospectus, Simplified Prospectus, Annual Report and Semi-Annual Report (“Offering Documents”), or other documents available in your local jurisdiction which are available free of charge from Morgan Stanley & Co International plc.

THE SECURITIES MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS AT ANY TIME (AS DEFINED IN REGULATION S UNDER THE U.S. SECURITIES ACT OF 1933 OR THE U.S. INTERNAL REVENUE CODE).  The Securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or the securities laws of any State in the United States, and may be subject to U.S. tax requirements.  The Securities may not be offered, sold, transferred or delivered without compliance with all applicable securities laws and regulations.

Media Relations Contact: Sebastian Howell, +44.20.7425.5324