Morgan Stanley and Perella Weinberg Partners Capital Management have launched a new UCITS Long/Short Healthcare fund on Morgan Stanley’s FundLogic Alternatives platform.
The new UCITS fund seeks risk-adjusted returns and offers access to a global long/short equity strategy focused on the healthcare industry.
The fund will be managed by an independent financial services firm, Perella Weinberg Partners, which has $8.2bn assets under management.
Morgan Stanley Fund and Fund-Linked business managing director and global head David Armstrong said that a wide range of alternative strategies in a UCITS format have been added to FundLogic Alternatives Platform in less than a year.
"The launch of the MS Perella Weinberg Partners Tokum Long/Short Healthcare UCITS Fund adds an outstanding option to gain exposure to a new sector focused strategy," Armstrong added.
FundLogic was launched in 2006 and is the platform brand name for Morgan Stanley UCITS and non-UCITS fund solutions.
The fund solutions offer a range of products including simple Index Funds, Structured Funds and the more recently launched Third Party managers UCITS Funds.