Morgan Stanley unveils new global property proposition

Morgan Stanley teams up with Cohen & Steers Capital Management to launch a new property fund.

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The MS Cohen & Steers Global Real Estate L/S Fund will be managed by Todd Voigt, who explained: “Our philosophy is based on the conviction that strong absolute returns can potentially be achieved in all market cycles. Our disciplined investment approach, centred on fundamental analysis, seeks to deliver alpha on both the long and short sides of the portfolio while hedging market risks.”

He will also seek to offer an element of capital protection, adding: “Nine per cent of the Ucits fund will be run pari passu with the Cohen & Steers offshore program with only minor adjustments to comply with the Ucits regulation, enabling investors to fully benefit from our expertise”.

Cohen & Steers Capital Management tend to run portfolios with typically between 70 and 95 holdings and include investments in North America, Europe, Asia Pacific and South America. In general, their portfolios are diversified by region, country, currency and property sector.

The management team includes 32 investment professionals with an average of 15 years investment experience.

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