Morgan Stanley Investment Management Launches the Alternative Investment Partners Absolute Return Fund STS (''Absolute Return Fund STS''); Absolute Return Fund STS Demonstrates Further Enhancement of Alternative Investment Offerings.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Morgan Stanley  To comply with Wikipedia's , the introduction of this article needs a complete rewrite. Investment Management ("MSIM MSIM Master of Science in Information ManagementMSIM Microsoft Instant Messenger MSIM Master of Science in International Management MSIM Member of the Singapore Institute of Management MSIM Medical Systems Infrastructure Modernization MSIM Multi Switch Interconnect Module ") announced today that it has launched the Absolute Return Fund STS (Synchronous Transport Signal) The electrical equivalent of the SONET optical signal. In SDH, the European counterpart of SONET, STS is known as STM (Synchronous Transport Module). , an institutional-quality portfolio of hedge funds for special tax status investors, namely, tax-exempt and tax-deferred individual investors and smaller institutional clients. Expanding on the April 2006 launch of the Alternative Investment Partners Absolute Return Fund ("Absolute Return Fund") available to taxable investors, the Absolute Return Fund STS now allows the SEC-registered fund of hedge fund offerings of Morgan Stanley Alternative Investment Partners ("Morgan Stanley AIP AIP acute intermittent porphyria. AIP Acute intermittent porphyria ") to be available to investors with taxable, tax-exempt and tax-deferred accounts. With the launch of the Absolute Return Fund STS, tax-exempt and tax-deferred accounts, such as endowment funds Endowment funds Investment funds established for the support of institutions such as colleges, private schools, museums, hospitals, and foundations. The investment income may be used for the operation of the institution and for capital expenditures. , certain trust accounts and IRAs that are accredited investors, have access to hedge fund returns without incurring any unrelated business tax income (UBTI UBTI Unrelated Business Taxable Income ) as a result of the hedge fund investments made by Absolute Return Fund. The Absolute Return Fund and Absolute Return Fund STS (together, the "Funds") give investors access to the expertise and established track record of Morgan Stanley AIP for the relatively low minimum initial investment of $100,000. Morgan Stanley AIP, founded in April 2000, manages portfolios of hedge funds and private equity assets for some of the world's largest institutions and high net worth individuals. The Funds are managed by Morgan Stanley AIP's Liquid Markets Team, headed by Mustafa Jama. "We are excited to bring the expertise of Morgan Stanley AIP to even more of our clients," said Michael Kiley, Head of Americas Retail and Intermediary Distribution. "By filling out the product offering for the absolute return strategy to include tax-exempt and tax-deferred accounts, we're continuing to provide innovative solutions to accommodate individual investors' growing demand for a practical entry into the hedge fund marketplace." The Absolute Return Fund STS is an SEC-registered vehicle that utilizes the same "absolute return strategy" utilized by the Absolute Return Fund to achieve attractive risk-adjusted returns over the broad range of market environments - but without the investment activity of the Absolute Return Fund giving rise to any UBTI. "The Absolute Return Fund STS leverages the attractiveness of the Absolute Return Fund, while ensuring that UBTI is not ultimately incurred by the investor as a result of the Absolute Return Fund's investment activities," said Stuart Bohart, Head of Alternative Investments of Morgan Stanley Investment Management. "The launch of the Absolute Return Fund STS is a natural progression in our efforts to expand our sophisticated product offerings in the alternatives space and also meet the needs of our clients." Morgan Stanley Investment Management, together with its investment advisory affiliates, has over 400 investment professionals around the world and $440 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. or supervision as of May 31, 2006. These entities offer investment management services to a diverse client base, which includes governments, institutions, corporations and individuals. Morgan Stanley (NYSE NYSE See: New York Stock Exchange : MS) is a global financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. firm and a market leader in securities, investment management and credit services. With more than 600 offices in 30 countries, Morgan Stanley connects people, ideas, and capital to help clients achieve their financial aspirations. There is no assurance that a fund will achieve its investment objective. Please consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. The relevant prospectus contains this and other information about such Fund. To obtain a prospectus, contact your financial advisor. Please read such prospectus carefully before investing. Investment in the Funds involves significant risks due to, among other things, the illiquidity of the interests, the nature of the Funds' investments and actual and potential conflicts of interest, including the payment of fees to persons marketing the Funds and of revenue sharing revenue sharing Funding arrangement in which one government unit grants a portion of its tax income to another government unit. For example, provinces or states may share revenue with local governments, or national governments may share revenue with provinces or states. between the Funds' Adviser and certain of its affiliates. There can be no assurance that the Funds will achieve their investment objective or that there will be any return of capital. Investors should have the financial ability and willingness to accept the risks (including the risk of loss of the entire investment) for a predetermined pre·de·ter·mine v. pre·de·ter·mined, pre·de·ter·min·ing, pre·de·ter·mines v.tr. 1. To determine, decide, or establish in advance: period of time and should consult their financial, tax and accounting advisors regarding the appropriateness of making an investment in the Funds. This offering is open only to investors who meet certain criteria. Each of the Funds is offering shares solely pursuant to its prospectus, and any information regarding the Funds or shares in the Funds that is not contained in the relevant prospectus shall not constitute an offering of shares in the Funds. Consequently, this material has been prepared solely for informational purposes and is not an offer, or a solicitation, of an offer to buy or sell shares of the Funds or any other security or instrument or to participate in any trading strategy In finance, a trading strategy (see also trading system) is a predefined set of rules to apply. Usually, this refers to a means used to replicate an option in order to give it an arbitrage free value in the sense that the cost of buying some financial assets to give the same . No person or entity has been authorized in connection with this offering to give any information or make any representations other than as contained in the prospectus or in this marketing material. This does not constitute an offer to, or solicitation of, such person or entity. Morgan Stanley does not provide tax advice. The tax information contained herein is general and is not exhaustive by nature. It was not intended or written to be used, and it cannot be used by any taxpayer, for the purpose of avoiding penalties that may be imposed on the taxpayer under U.S. federal tax laws. Federal and state tax laws are complex and constantly changing. You should always consult your own legal or tax advisor A tax advisor is a financial expert especially trained in tax law. Some countries require tax advisors to verify the balance sheets of companies above a certain size. Individuals usually require tax advisors to minimize taxation, to avoid learning the details of tax law in for information concerning your individual situation. The Absolute Return Fund and Absolute Return Fund STS are Delaware statutory trusts that issue shares. Morgan Stanley Distribution Inc. is a principal underwriter of Alternative Investment Partners Absolute Return Fund and Morgan Stanley Absolute Return Fund STS. Morgan Stanley is a full-service securities firm engaged in securities trading and brokerage activities, investment banking, research and analysis, financing and financial advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal . Member SIPC (Simply Interactive PC) An earlier umbrella term from Microsoft and Intel for a PC that works like a home appliance. For example, it has a sealed case, uses external connectors for expansion and boots in just a couple of seconds. , Morgan Stanley Distributors Inc. |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion