Ashburton Partners with Morgan Stanley to Strengthen Global Leaders Fund
Deal News | Nov 12, 2024 | Ashburton Investments Manageme
Ashburton Investments, a South African fund manager, has further cemented its partnership with Morgan Stanley Investment Management Limited by appointing the latter as the sub-investment manager of its Global Leaders Equity Fund. This decision marks a significant milestone, aligning with the fund's 10-year anniversary. The Global Leaders Equity Fund, boasting a performance track record and now enhanced by Morgan Stanley's global capabilities, offers investors a concentrated equity strategy targeting large-cap companies. The fund, valued at $186.64 million, is domiciled in Luxembourg and caters to institutional investors with a minimum investment threshold. With the integration of Morgan Stanley's expertise, the fund aims to strengthen its international capabilities, delivering differentiated, high-quality returns to its investors.
Sectors
- Asset Management
- Investment Management
- Financial Services
Geography
- South Africa – Ashburton Investments is a South African company, making South Africa a relevant geography.
- Luxembourg – The fund mentioned is domiciled in Luxembourg, relevant to its regulatory framework.
- United States – Morgan Stanley, as an American company, is a significant participant in the collaboration.
Industry
- Asset Management – The article discusses a fund management company enhancing its investment capabilities, relevant to the asset management industry.
- Investment Management – With Morgan Stanley joining as a sub-investment manager, the focus on investment management practices is central to the article.
- Financial Services – Both Ashburton and Morgan Stanley's activities as financial service providers underpin the content of the article.
Financials
- $186.64 million – The current fund size of the Ashburton Global Leaders Equity Fund.
- 13.28% Year to Date – The fund's performance year to date in USD.
- 21.30% 1 Year – The fund's performance over 1 year in USD.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Ashburton Investments | Target Company | Company | A South African fund manager partnering with Morgan Stanley to enhance its Global Leaders Equity Fund. |
| Morgan Stanley Investment Management Limited | Sub-Investment Manager | Company | An international investment management company joining Ashburton’s Global Leaders Equity Fund as the sub-investment manager. |
| Waystone Management Company (Lux) S.A. | Regulator | Company | A management company in Luxembourg regulated by the Commission de Surveillance du Secteur Financier (CSSF). |