Morgan Stanley Investment Management (MSIM) has launched the multi-asset Diversified Alpha Plus fund to tap into investor demand for absolute return vehicles.
The UCITS III fund's investment universe includes currencies through forward and non-deliverable forward contracts, equities via futures and total return swaps and fixed-income by swaps. Long and short positions will also be taken and commodities exposure via a long position in a Morgan Stanley commodities strategy. The fund seeks to insulate returns from global risk factors by using a series of proprietary investment signals that seek out alpha-generating strategies across a broad investment universe. The fund will be managed by the Quantitative Global Tactical Asset Allocation (GTAA...
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