Based in Mumbai, Mr. Jain will be the Lead Portfolio Manager for the Fixed Income boutique with overall responsibility for the management of Morgan Stanley Mutual Fund’s liquid and fixed income schemes.
"We are focused on expanding our product range, and will shortly launch our first set of fixed income funds," said Anthony Heredia, CEO, Morgan Stanley Investment Management, India.
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"Ritesh has a distinguished and consistent track record in the Indian fixed income markets, and his addition strengthens our investment team and capabilities in India."
Prior to joining Morgan Stanley, Ritesh Jain was Head of Fixed Income at Principal PNB Asset Management Company Pvt. Ltd., and was responsible for management of the liquid and fixed income products.
The India Magnum Fund, an offshore fund set up in 1989, marked the entry of Morgan Stanley in the Indian market. In 1994, the Firm launched its first domestic fund, Morgan Stanley Growth Fund (MSGF). MSGF, which was launched as a 15-year close ended fund, was open ended in January 2009. As at January 30, 2009, Morgan Stanley Mutual Fund managed a total of Rs. 1460 crore of assets under its two schemes, MSGF and Morgan Stanley A.C.E. Fund.
Morgan Stanley Investment Management, together with its investment advisory affiliates, has nearly 800 investment professionals around the world and approximately US$399 billion in assets under management or supervision as of November 30, 2008. These entities offer investment management services to a diverse client base, which includes governments, institutions, corporations and individuals.
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