Quantcast
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 1, 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
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q4Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
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:
Raw XML
Add to My Yahoo!
follow us in feedly


  1. MFDF webinar - BDC Board Service 101, December 10
  2. WE Boston - Give Back Event, December 10
  3. IMEA Distribution Council webinar - Unlocking Your Competitive Edge: Driving Results Through Net Promoter Excellence, December 10
  4. WE New York - End of Year Celebration, December 11
  5. MFDF webinar - ETF Product Trends: Board Implications, December 11
  6. Nicsa webinar - The Virtues of Corporate Culture, December 11
  7. MFDF webinar - Visually Mapping Board Composition: Skills Matrices in Fund Board Rooms, December 18
  8. IMEA webinar - Driving Equity: The FARE Journey and Its Impact on Financial Services, December 19
  9. MFDF webinar - 2024 Fair Valuation Pricing Survey: Building and Strengthening the Valuation Operating Model, January 7, 2025
  10. MFDF webinar - 15(c) White Paper Webinar Series: Part 2 – Board Processes, January 9, 2025
  11. MFDF webinar - AI and Fund Compliance, January 21, 2025
  12. MFDF In Focus - In Focus: Small Boards' Use of Skills Matrices, January 22, 2025
  13. MFDF 2025 Directors' Institute, January 27 - 29, 2025
  14. FSI OneVoice 2025, January 27 - 29, 2025
  15. 2025 ICI Innovate, February 3 - 5, 2025
  16. MFDF Director Discussion Series - Open Forum, February 10, 2025
  17. MFDF Director Discussion Series - Open Forum, February 11, 2025
  18. MFDF 2025 Fund Governance & Regulatory Insights Conference, March 6 - 7, 2025
  19. MFDF Director Discussion Series - Open Forum, April 2, 2025
  20. Envestnet Elevate 2025, April 9 - 10, 2025
  21. MFDF Director Discussion Series - Open Forum, April 15, 2025
  22. The 36th Sub-Advised Funds Forum, April 29 - 30, 2025
  23. Morningstar Investment Conference 2025, June 25 - 26, 2025
  24. MFDF Director Discussion Series - Open Forum, July 9, 2025




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use