Morgan Stanley Investment Management Announces Portfolio Management Changes for Morgan Stanley Asia-Pacific Fund, Inc.

Date : 04/03/2018 @ 8:30PM
Source : Business Wire
Stock : Morgan Stanley Asia-Pacific Fund, Inc. (APF)
Quote : 16.61  -0.14 (-0.84%) @ 9:00PM
Morgan Stanley Asia-Pacific Fund, Inc. share price Chart

Morgan Stanley Investment Management Announces Portfolio Management Changes for Morgan Stanley Asia-Pacific Fund, Inc.

Morgan Stanley Asia-Pacific Fund, Inc. (NYSE:APF)
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1 Year : From Dec 2017 to Dec 2018

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Morgan Stanley Investment Management announced today portfolio management changes for Morgan Stanley Asia-Pacific Fund, Inc. (NYSE: APF) (the “Fund”). The Fund is managed by the Emerging Markets Equity team of Morgan Stanley Investment Management Inc. (the “Adviser”). The team consists of portfolio managers and analysts.

Current members of the teams jointly and primarily responsible for the day-to-day management of the Fund’s portfolio are May Yu, a Managing Director of the Adviser, and Munib Madni, a Managing Director of Morgan Stanley Investment Management Company (“MSIM Company” or the “Sub-Adviser”). Ms. Yu has been associated with the Adviser in an investment management capacity since June 2013. From August 2012 to June 2013, she was associated with MSIM Company in an investment management capacity. She began managing the Fund in August 2012. Mr. Madni has been associated with MSIM Company in an investment management capacity since February 2005 and began managing the Fund in May 2012.

Effective on or about June 1, 2018, Amay Hattangadi, will become a Managing Director of MSIM Company and will serve as a portfolio manager to the Fund. Mr. Hattangadi will be associated with the Sub-Adviser in an investment management capacity at that time. Currently, Mr. Hattangadi has been associated with Morgan Stanley Investment Management Private Limited, an affiliate of the Adviser, as a portfolio adviser since 1999. Effective June 30, 2018, Munib Madni, a Managing Director of the Sub-Adviser, will no longer serve as a portfolio manager to the Fund.

Morgan Stanley Investment Management, together with its investment advisory affiliates, has more than 608 investment professionals around the world and $482 billion in assets under management or supervision as of December 31, 2017. Morgan Stanley Investment Management strives to provide outstanding long-term investment performance, service and a comprehensive suite of investment management solutions to a diverse client base, which includes governments, institutions, corporations and individuals worldwide. For further information about Morgan Stanley Investment Management, please visit www.morganstanley.com/im.

About Morgan Stanley

Morgan Stanley (NYSE: MS) is a leading global financial services firm providing investment banking, securities, wealth management and investment management services. With offices in more than 42 countries, the Firm’s employees serve clients worldwide including corporations, governments, institutions and individuals. For more information about Morgan Stanley, please visit www.morganstanley.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful under the securities laws of any such state.

Investing involves risk and it is possible to lose money on any investment in the Fund.

© 2016 Morgan Stanley Smith Barney LLC. Member SIPC.

Morgan Stanley Investment Management800-231-2608

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