Morgan Stanley IM launches absolute return fund

Morgan Stanley Investment Management has launched a Ucits III absolute return product called the Dive...

Morgan Stanley Investment Management has launched a Ucits III absolute return product called the Diversified Alpha Plus fund. The Luxembourg-domiciled Sicav will be managed by the group’s quantitative strategy team, lead by global head of quantitative global tactical asset allocation (GTAA) Bernd Scherer. It is a multi-asset fund designed to give access to a range of alpha sources through a diversified portfolio uncorrelated to global risk factors. Its strategy is in line with Morgan Stanley’s GTAA investment philosophy, which aims to exploit market inefficiencies across global asset cla...