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.
The staff of Money Management Executive ("MME") has prepared these capsule summaries based on reports published by the news sources to which they are attributed. Those news sources are not associated with MME, and have not prepared, sponsored, endorsed, or approved these summaries.
