The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating: Email Routing List Email & Route  Print Print
Thursday, February 01, 2018

"Rationalization: the Sequel" Plays at Morgan Stanley

News summary by MFWire's editors

Rationalization has returned to Morgan Stanley for a second round, even as the wirehouse amps up its fund due diligence. And a third round of rationalization may be coming soon.

Alper Daglioglu
Morgan Stanley
Managing Director, Head of Global Investment Manager Analysis - Traditional and Alternative Investments
Morgan Stanley Wealth Management "will continue on an ongoing basis to rationalize the number of products with the goal of offering the highest quality platform while reducing the number of redundant strategies," company spokeswoman Christy Jockle tells MFWire in an emailed statement.

Funds likely to be targeted for cuts include those with performance woes or little assets on Morgan Stanley's platform. It's unclear if only traditional open-end mutual funds will be targeted, or if other product types like ETFs could also be affected.

"For the best interest of our clients, we are eliminating funds that have underperformed or have been unsuccessful in raising assets on our platform while also expanding the number of strategies that are covered by the Global Investment Manager Analysis [GIMA] team," Jockle's statement continues:
We continue to offer funds from a diverse set of managers across all product categories. The Firm is not targeting a specific number of mutual fund products to be eliminated but is focused on offerings funds managed by well-established investment management teams across a wide variety of investment strategies, enabling our Advisors to create portfolios to address the rull range of investment objectives.

Managing director Alper Dagliogu leads the 65-person GIMA team for both traditional and alternative investments.

CityWire, InvestmentNews, and AdvisorHub all covered Morgan Stanley's new round of fund platform cuts.

Jockle declined to comment on the current number of funds on the wirehouse's platform, or on the number of funds expected to be affected by the changes. For round one back at the beginning of 2017, word in the industry was that Morgan Stanley was cutting about 850 funds from the 3,000 then available on the platform. Now multiple publications estimate that Morgan Stanley offers about 2,300 funds on its platform and that round two of rationalization will push that number below 2,000 and affect two percent of Morgan Stanley's clients' mutual fund assets. CityWire reports that round two will lead to soft closings in May 2018 and hard closings in Q1 2019.

Looking ahead, CityWire also notes the Morgan Stanley will do a third round of rationalization, though there is no word yet on the timing. 

Edited by: Neil Anderson, Managing Editor

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2022: Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

  1. Nicsa webinar - Luxembourg: The FinTech Gateway to Europ, May 18
  2. MMI webinar - How Wealth Firms Can Attract and Retain the Modern Investor, May 18
  3. ICI webinar - New Research Shows "First-Mover" Is a Universal Investor Response — Not Unique to Open-End Mutual Funds, May 18
  4. MFDF webinar - Mutual Fund Director Compensation: The MPI Annual Survey (2022), May 19
  5. 2022 ICI Leadership Summit, May 25-26
  6. ALFI Roadshow to New York, May 25
  7. 2022 IDC Fund Directors Workshop, May 26
  8. Irish Funds Annual Global Funds Conference 2022, May 30-31
  9. WealthManagement Edge, May 31 - June 3
  10. MFDF 2022 Fund Governance and Regulatory Insights Conference, Jun 8-9
  11. 28th annual Expect Miracles East Coast Classic, June 9
  12. 2022 Sohn Investment Conference, June 9
  13. IDC webinar - Cybersecurity for Fund Boards: The Current Landscape, June 9
  14. MMI webinar - Driving Business Value with Artificial Intelligence & Data, June 15
  15. MFDF webinar - Key Takeaways From Morningstar's 2021 Annual Fund Fee Study, June 16
  16. MFDF Director Discussion Series - Open Forum (Chicago), June 21
  17. 2022 MMI Emerging Asset Managers Forum, June 23
  18. MFDF In Focus: Capitol Hill, A Conversation with Congressman Bryan Steil, June 28
  19. Financial Planning INVEST, Jun 28-29
  20. MFDF webinar - Differentiating Mutual-Fund-to-ETF Conversions, July 19
  21. MFDF Director Discussion Series - Open Forum (New York), July 20
  22. 2022 MMI Distribution Leadership Forum, Jul 20-21
  23. MFDF webinar - Fund Boards' Oversight of Investment Performance, July 28
  24. MFDF webinar - Performance, Perception and Manager Selection, September 14
  25. 2022 ICI Tax and Accounting Conference, Sep 18-21
  26. 5th annual Expect Miracles Atlantic Coast Classic, October 3

©All rights reserved to InvestmentWires, Inc. 1997-2022
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use