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Welcome to the Alternative
Investments Portal
Alternative
Investments Software
Morgan Stanley Investment
Management has launched the Absolute Return
Fund STS, 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") 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, certain trust accounts and IRAs that are accredited
investors, have access to hedge fund returns without incurring any
unrelated business tax income (UBTI) 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.
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.
Morgan
Stanley (NYSE: MS) is a global financial services 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.
SunGard
Alternative Investments provides specialized solutions
designed specifically to address the primary business requirements
of the alternative investment space.
They
range from front office analysis, trading and portfolio management,
and specialist support for private equity transactions; through
independent valuation, risk management and daily P&L; to accounting,
records and investor reporting.
Many
SunGard Alternative Investments solutions are available both as
locally installed applications and as outsourced services e.g. over
an Application Service Provider interface (ASP).
SunGard has
one of the largest footprints of any software and processing vendor
serving the alternative investment community.
SunGard clients include over 400 hedge funds, over 150 private
equity sponsors and investors, in addition to fund administrators,
funds of funds, and other alternative investment businesses.
Their solutions include:
APT – Multi-Factor Risk Models,
Portfolio Analysis and Optimisation (www.apt.com)
Front Arena
– The Cross-Asset, Front-to-Back Trading System
(www.sungard.com/frontarena)
Monis – The Convertibles and
Derivatives Specialist (www.sungard.com/monis)
RiskHedge –
Independent Risk Management for Hedge Funds (www.sungard.com/reech)
FastVal – Independent Valuation for Complex Derivatives and
Structured Products (www.sungard.com/reech)
Investran –
Specialised Front- and Back-Office Solutions for Private Equity
(www.sungard.com/investran)
Visual Portfolio Manager –
Portfolio Accounting and Management for Hedge Funds
(www.sungard.com/vpm)
InvesTier – The Dedicated Solution for
Investor Reporting (www.sungard.com/investier)
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Become a
Certified Hedge Fund Compliance Expert (CHFCE)
Distance Learning
and Online Certification Program
To learn more
www.hedge-funds-association.com/Distance_Learning_and_Certification.htm
Become a Member and Receive the New Member Orientation
Newsletters
Understand Hedge Funds
With the new member orientation
newsletters you will have the opportunity to
learn what members registered before you have already learned.
Understand better risk and compliance management for hedge funds,
projects, careers, challenges and opportunities.
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