Morgan Stanley’s alternative investment arm is launching a fund-of-funds specializing in global long/short equity strategies, according to HedgeWorld.com. The fund will be offered to qualified investors at $1,000 per share, with the initial closing date some time in 2008, according to a preliminary prospectus.

Four portfolio managers, Jose Gonalez-Heres, Paresh Bhatt, Kevin Kuntz and Mark van der Zwan, are responsible for the day to day operations, as well as chief investment officer Mustafa Jama.

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