Morgan Stanley is offering retail investors a hedge fund-of-fund that will invest in the portfolios run by its alternative investment partners team, which oversees both hedge funds and private equity.
Called the Morgan Stanley Alternative Investment Partners Absolute Reutrn Fund, it will seek to deliver risk-adjusted returns over a broad range of market environments, along with lower risk by investing in a variety of hedge fund strategies.
"Launching the Absolute Return Fund is a natural way for us to utilize our experience and relationships in the hedge fund industry to bring more sophisticated products to a greater number of our clients," said Stuart Bohart, head of alternative investments at Morgan Stanley Investment Management.
"By leveraging our global resources and investment expertise, we are offering our clients a broad range of creative investment solutions," added Owen Thomas, president and chief operating officer of Morgan Stanley Investment Management.
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