Morgan Stanley PWM to add alternatives funds

Morgan Stanley’s private banking arm plans to expand its range of alternative investment products, but is not heavily focused on ‘liquid alternative’ offerings, which have been attracting strong flows. Morgan Stanley Private Wealth Management (MS PWM) is eyeing what it sees as popular themes in the market, such as China A-shares, energy and healthcare. It is also looking at managers focused on European distressed debt strategies and commodity hedge funds. There are rising stars …