Morgan Stanley launches long/short financials fund

Morgan Stanley has teamed up with Algebris Investments to launch a Ucits III long/short equity fund

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Managed by Davide Serra and Eric Halet at Algebris, the MS Algebris Global Financials Fund is based on a research process that Algebris has been developing over the past four years and is available on Morgan Stanley’s FundLogic platform.

Morgan Stanley says the Dublin-domiciled fund is one of the first sector specialised long/short equity funds that offers daily liquidity.

“We continue to see growing demand from investors to access absolute return strategies in a regulated, transparent and liquid format. The combination of our Ucits capabilities and the Algebris investment expertise is a unique product,” said David Armstrong, managing director and global head of fund-linked business at Morgan Stanley.

“Algebris was launched in 2006 to provide investors with premier alternative asset management focusing on global financials. We believe the sector offers many opportunities for a long-short equity manager,” said Davide Serra, co-portfolio manager and founding partner of Algebris.
 

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