Morgan Stanley has launched UCITS III Fund on the firm's FundLogic platform to offer exposure to a global event-driven investment strategy.

UCITS III Fund will be managed by P Schoenfeld Asset Management (PSAM).

Set up in 2006 as a multi asset platform, FundLogic is the brand name for Morgan Stanley’s structured fund platform, which is said to offer both UCITS III and non-UCITS funds on a global basis.

According to Morgan Stanley, FundLogic delivers fund solutions to clients by combining the financial expertise and resources. It can offer products ranging from simple Index Funds through to complex investment solutions for institutions.

Morgan Stanley executive director and head of FundLogic Shahzad Sadique said that the firm sees a huge level of interest from investors to access alternative asset manager expertise through UCITS Funds.

“We are currently seeking regulatory approval for a number of funds managed by leading alternative asset managers and look forward to launching more UCITS funds on FundLogic in the next few months,” Sadique said.