Morgan Stanley is set to launch a new UCITS compliant version of Broadmark Asset Management’s long/short equity strategy, the Broadmark Tactical Plus, according to Opalesque.
The new fund, known as the MS Broadmark Tactical Plus UCITS Fund, which is managed by Broadmark, will be launched under the firm’s FundLogic Alternatives umbrella.
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Targeting both long and short exposure to equity markets by investing primarily in US equity-based futures, ETF’s and options, the fund intends to produce above average risk-adjusted returns with less downside volatility than the S&P 500 Index through any market cycle.
It seeks to produce, in any market environment, above-average risk-adjusted returns and less risk of capital depreciation than the overall US equity market.
The fund aims at large institutional managers repositioning their portfolios in the equity markets in response to changes in the macroeconomic environment and investor expectations.
Stephane Berthet, head of the FundLogic Alternatives Platform at Morgan Stanley, said: "This partnership with Broadmark gives investors access to a unique fund that provides a diversifier to their portfolios."
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By GlobalData"The top-down methodology of the strategy is based on the readings of macroeconomic data, including valuation, monetary factors, investor sentiment, and breadth/volume momentum models."
Christopher Guptill, Broadmark’s CIO and co-CEO, said: "Launching a fund with Morgan Stanley allows Broadmark to access the established infrastructure of the FundLogic Platform, enabling us to focus on our investment strategy."
