Morgan Stanley Investment Management Raises Over $450M
By: Esther Cho
Morgan Stanley Investment Management (MSIM) closed its Morgan Stanley Opportunistic Mortgage Income Fund with over $450 million in capital commitments, the New York-based company announced in a release in February.
The Opportunistic Mortgage Income Fund targets investments in a wide range of mortgage-related securities that may offer the potential for strong cash flow yields under multiple scenarios. The fund will be managed by the MSIM Global Fixed Income Group.
“We believe the $8 trillion mortgage-backed securities market presents compelling opportunities for investors to selectively purchase residential and commercial mortgage-backed securities at attractive yields,” said Sheila Huang, head of the MSIM Mortgage Team.
Morgan Stanley Investment Management, together with its investment advisory affiliates, has approximately $287 billion in assets under management or supervision as of December 31, 2011.
Morgan Stanley is a global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The firm has clients worldwide including corporations, governments, institutions, and individuals from more than 43 countries.
Since its launch, DS News magazine has positioned itself at the forefront of an
evolving industry. Always current with the most up-to-date
default servicing news, DSNews.com keeps you informed through daily Web casts,
community forums, and a wide range of industry resources.