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Morgan-Stanley Press Releases |
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10th June, 2008
Morgan Stanley Appoints Anthony Heredia as CEO of Morgan Stanley Investment Management in India
Morgan Stanley (NYSE: MS) today announced the appointment of Anthony Heredia as Chief Executive Officer of Morgan Stanley Investment Management in India. The role was previously held by Narayan Ramachandran who was named Chief Executive Officer and Country Head, Morgan Stanley India, in October last year.Mr ...
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9th June, 2008
G24 Innovations Attracts Morgan Stanley Principal Investments as New Shareholder
G24 Innovations (“G24i”) today announced that Morgan Stanley Principal Investments (“MSPI”) has invested US$20 million in G24i.MSPI’s investment comes in the form of newly issued ordinary shares, giving it a minority stake and the right to appoint a director to the Board.MSPI will be the lead investor in G24i’s ongoing fundraising, in which the Company expects to raise additional primary capital to fund growth in the next two years. Founders and existing shareholders Robert Hertzberg, Chairman of the Board, and Edward Stevenson, Chief Executive Officer, will continue to hold the majority of G24i’s share capital.Commenting on the transaction, Andrés Rubio, Head of MSPI Europe, said, “We are looking forward to working with G24i to further develop the company’s business and create additional growth opportunities. This investment is a milestone for MSPI as it is our first investment in the European solar energy space and highlights Morgan Stanley’s ongoing commitment to the renewable energy sector.”Robert Hertzberg, Chairman of G24 Innovations, added: “We are very pleased with the investment by MSPI which enhances G24i’s investor base and creates new opportunities through access to Morgan Stanley’s global network. MSPI is the ideal new partner to help G24i reach its growth objectives. We look forward to working together to further expand the business.”The announcement comes at an exciting time for G24i. Having launched its first product, a solar powered mobile telephone charger, at the end of 2007, the business is now looking to expand and capitalise on its recent growth. Its latest innovation, a solar powered LED light, was awarded a $200,000 ‘Lighting Africa Development Marketplace’ grant by the World Bank and IFC in May and is expected to be released later this year.Note to Editors:About G24iG24 Innovations (G24i), a UK based company, is the world’s first to commercially manufacture next generation Dye-Sensitized Thin Film solar cells, an alternative to traditional silicon solar cells. Dye-Sensitized Thin Film solar cells are unique in that they are extremely lightweight, durable, and produce electricity in low-light and indoor conditions. As a result, G24i’s advanced solar cells are perfect for powering mobile electronic devices such as mobile telephones, cameras, and portable LED lighting systems.On a larger scale, G24i’s flexible thin film integrates effectively into clothing, tents, electronic advertising displays, and works well for indoor building integrated photovoltaic systems where local regulation requires on site generation or significant energy efficiency measures.G24i’s proprietary high speed roll-to-roll manufacturing process allows for large volume production at its 23 acre, 187,000 square foot facility. Further information at: www.g24i.com.About Morgan StanleyMorgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services ...
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2nd June, 2008
Morgan Stanley Electronic Trading Launches NightOwlSM
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20th May, 2008
Goldman Sachs, Morgan Stanley and UBS Agree to Provide Reciprocal Dark Pool Access
Goldman Sachs (NYSE:GS), Morgan Stanley (NYSE:MS) and UBS (NYSE:UBS) today announced a series of bi-lateral agreements that will allow each firm to offer their respective clients access to each other’s pool of non-displayed liquidity ...
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12th May, 2008
Morgan Stanley Closes $4.0 Billion Global Infrastructure Fund
Morgan Stanley announced today that it has successfully closed Morgan Stanley Infrastructure Partners (“MSIP” or “the Fund”) with $4.0 billion of equity commitments, exceeding the Firm’s initial target of $2.5 billion. James Gorman, Co-President of Morgan Stanley, commented, “The successful fund-raising underscores the particular demand for infrastructure investment, and broadly, for alternative assets that generate long-term stable cashflows.” The Fund raised its capital globally in North America, Europe, Australia, the Middle East and Asia. Investors include major pension funds, insurance companies, high net worth individuals as well as Morgan Stanley and its employees. Mr ...
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6th May, 2008
James P. Gorman and Colm Kelleher to Speak at the UBS 2008 Global Financial Services Conference
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6th May, 2008
Morgan Stanley Investment Management Launches Morgan Stanley Commodities Alpha Fund
Morgan Stanley Investment Management (MSIM) announced today that it has launched the Morgan Stanley Commodities Alpha Fund, an actively managed mutual fund that offers high net worth investors the opportunity to gain direct access to the potential return and portfolio diversification benefits of the commodities market and the expertise of MSIM’s Quantitative and Structured Solutions investment team.“The Commodities Alpha Fund gives investors the potential to capture the returns of a global, diverse and growing market that has a low correlation with equity and bond market returns,” said Justin Simpson, Global Head of the Quantitative and Structured Solutions team and Lead Portfolio Manager. “For investors seeking to diversify their portfolio, we believe this strategy may be an attractive opportunity for direct, actively managed exposure to the commodities asset class with the potential for incremental returns.”The Commodities Alpha Fund seeks to generate the returns of the Dow Jones AIG Commodity Index (DJAIG) 1 and to produce incremental returns from an actively managed multi-strategy alpha engine. The Commodities Alpha Fund pursues continuous exposure to the commodities market (such as agriculture, energy, industrial metals, livestock and precious metals) through investments in commodities-linked instruments as well as fixed income securities, including money market instruments. The fund will strive for above-market returns from multiple proprietary quantitative trading strategies designed to exploit inefficiencies or anomalies in the commodities marketplace, such as price curves, price change and volatility. “Commodities possess a number of unique properties, including currently favorable supply-demand fundamentals, that have made them an attractive alternative investment opportunity,” said Chris Callan, Senior Portfolio Manager of the Commodities Alpha Fund. “We believe the combination of limitations on supply and burgeoning demand is supportive of a continued positive outlook for commodity prices. Additionally, a strategic allocation in commodities could also offer a potential hedge against the impacts of inflation, geopolitical risks and macroeconomic downturns.”The Commodities Alpha Fund is managed by the Quantitative and Structured Solutions Group ...
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6th May, 2008
Morgan Stanley Electronic Trading (MSET) Launches New Functionality for its Options Trading Offering
Morgan Stanley (NYSE: MS) today announced that it would offer enhanced listed options capability through its electronic trading platform. The new discretionary order type for listed options will allow traders to display their order at the chosen price and quantity while having the ability to trade at a more aggressive price when liquidity is available. Discretionary orders are available on Morgan Stanley’s Passport and via FIX.Orders will rest passively on an exchange chosen by Morgan Stanley’s OSORT (Options Smart Order Router), displayed partially at the chosen price and quantity, while holding the balance in reserve. Alternatively, traders can use discretionary orders to also allow an entire order to be held in reserve. When a bid or offer appears at or within the limit price, the order will aggressively access liquidity in multiple exchanges. Discretionary orders are built upon Morgan Stanley’s OSORT engine, which helps manage the fragmented liquidity by optimally routing options orders based on factors that include price, speed, stability and options market rules.“We are pleased to offer this advanced capability to our clients as we see a growing demand for options trading in the electronic market,” said Andrew Silverman, Managing Director and Head of Distribution for Morgan Stanley Electronic Trading (MSET). “This new capability will give our clients an advantage by protecting them from signaling their intention to buy or sell in the market.” Discretionary order type enhances Morgan Stanley’s listed options offering which includes access to all U.S ...
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1st May, 2008
Morgan Stanley Expands Global High-Tech Operations with Center in Montreal
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23rd April, 2008
Morgan Stanley Real Estate Raises Additional $2.5 Billion of Equity Commitments for Special Situations Fund III
Morgan Stanley Real Estate announced today that it has successfully completed the closing of the third offering for its Special Situations Fund III (“Special Situations” or “the Fund”), raising an additional $2.5 billion of equity commitments, 63 percent of which came from investors located outside of the U.S. With this closing, Morgan Stanley Real Estate has raised a total of $5.9 billion for Special Situations from institutional investors, High Net Worth individual investors and Morgan Stanley, with the latter representing 23 percent of total commitments. Special Situations, structured as an open-ended fund, primarily seeks to make non-controlling investments in an array of real estate securities in growth/emerging, developed and distressed markets around the world. As of the end of 2007, Special Situations committed approximately $4.8 billion of equity, with 62 closed investments in China, Australia, India, Russia, Poland, Brazil, Mexico, the U.S., Japan and Western Europe, among other areas. The Fund’s investment professionals form a core group with extensive collaborative experience, maintaining a team presence in each of the regions where it has invested.John Carrafiell, Joint Global Head of Morgan Stanley Real Estate Investing and President of Special Situations, said, “This substantial additional capital raise for Special Situations is significant, particularly given the current challenging fundraising environment. It demonstrates strong investor support for the Fund’s strategy, underscoring the global breadth of Morgan Stanley Real Estate’s platform and the team’s ability to source attractive opportunities in a volatile market.” Tim Morris, Managing Director and Chief Investment Officer of Special Situations, said, “With the completion of this successful follow-on equity raise, Special Situations is in an enhanced position with ample liquidity to continue to pursue its flexible mandate and will access investment opportunities now available due to the significant deleveraging occurring globally. Special Situations will continue to provide dynamic real estate companies in the emerging markets with pre-IPO capital, as well as increase its allocation to distressed opportunities, focusing on the debt markets particularly in the developed economies.”Commenting on the Fund’s investment strategy, Willem de Geus, Managing Director and Global Portfolio Manager of Special Situations, said, “Investors continue to be attracted to the global opportunistic real estate strategy of the Fund despite recent turbulence in the global capital markets. The heavy emphasis on the high growth emerging economies (China, India, Russia, Poland, Mexico and Brazil), the flexibility to invest across the capital structure of real estate companies, and the ability to invest in developments and recurring income-producing assets in all real estate sectors is what makes this fund attractive in the marketplace.”Special Situations Fund III, which had an initial closing in August 2006, is the third in a series of successful real estate funds. Special Situations Fund I, which is fully liquidated, launched in 1997 and invested primarily in the United States and Asia. Special Situations Fund II launched in 2000 and invested solely in Europe. Morgan Stanley Real Estate is comprised of three major global businesses: Investing, Banking and Lending ...
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