Morgan Stanley Investment Management and CastleOak Securities, L.P. Debut New Share Class
May 04 2021 - 12:27PM
Business Wire
Morgan Stanley Investment Management (”MSIM”) and CastleOak
Securities, L.P. (“CastleOak”), an industry-leading,
minority-owned, boutique investment bank are pleased to announce an
expansion of their long-standing partnership by debuting two new
co-branded share class offerings that provide clients an expanded
menu of short-term cash investment services. As clients
increasingly look to maximize their social impact, these two new
products provide a solution that brings together CastleOak’s strong
institutional relationships and Morgan Stanley’s unparalleled
investment experience.
CastleOak shares of the Morgan Stanley Institutional Liquidity
Funds Government (ticker COSXX) and ESG Money Market Fund
Portfolios (ticker OAKXX) are now available, enabling clients to
help meet their primary cash investment goals of principle
preservation and liquidity, while supporting their Diversity &
Inclusion (D&I) efforts in a transparent and meaningful
way.
“Morgan Stanley Investment Management has been an outstanding
partner,” said David R. Jones, President and CEO of CastleOak
Securities, L.P. “The Morgan Stanley team recognized the expertise,
experience, and relationships of an independent investment bank
like ours. Launching these new share classes gives our clients yet
another way to meet their ESG goals without compromising the
standards they expect when choosing where to put their money to
work.” The addition of new share classes underscores CastleOak’s
ongoing efforts to expand its Money Fund Access web-based liquidity
solutions platform.
“This partnership is a unique opportunity for Morgan Stanley
Investment Management to team up with a best-in-class firm like
CastleOak to deliver treasury management solutions that can help
companies advance their D&I objectives,” said Fred McMullen,
Managing Director and Co-Head of MSIM’s Global Liquidity Solutions
business. “We are proud to be working together on this exciting
product offering.”
About CastleOak Securities, L.P.
CastleOak Securities, L.P. is a premier boutique investment bank
serving a broad array of corporate, governmental and institutional
investor clients. Headquartered in New York City, with five
regional offices, CastleOak specializes in financial advisory,
capital markets, equities and fixed income sales and trading. For
additional information, visit www.castleoaklp.com.
About Morgan Stanley Investment Management
Morgan Stanley Investment Management, together with its
investment advisory affiliates, has more than 731 investment
professionals around the world and $1.4 trillion in assets under
management or supervision as of March 31, 2021.1 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.
STABLE NAV FUNDS: You could lose money by investing in the
Fund. Although the Fund seeks to preserve the value of your
investment at $1.00 per share, it cannot guarantee it will do so.
An investment in the Fund is not insured or guaranteed by the
Federal Deposit Insurance Corporation or any other government
agency. The Funds’ sponsor has no legal obligation to provide
financial support to the Fund, and you should not expect that the
sponsor will provide financial support to the Fund at any
time.
ESG Money Market Portfolio - This Portfolio will be required to
price and transact in their shares at a floating Net asset value
(“NAV”) and will be permitted to impose a liquidity fee on
redemptions or temporarily restrict redemptions in the event that
the Portfolio's weekly liquid assets fall below certain
thresholds.
FLOATING NAV FUNDS: You could lose money by investing in the
Fund. Because the share price of the Fund will fluctuate, when you
sell your shares they may be worth more or less than what you
originally paid for them. The Fund may impose a fee upon the sale
of your shares or may temporarily suspend your ability to sell
shares if the Fund’s liquidity falls below required minimums
because of market conditions or other factors. An investment in the
Fund is not insured or guaranteed by the Federal Deposit Insurance
Corporation or any other government agency. The Funds’ sponsor has
no legal obligation to provide financial support to the Fund, and
you should not expect that the sponsor will provide financial
support to the Fund at any time.
ESG Strategies that incorporate impact investing and/or
Environmental, Social and Governance (ESG) factors could result in
relative investment performance deviating from other strategies or
broad market benchmarks, depending on whether such sectors or
investments are in or out of favor in the market. As a result,
there is no assurance ESG strategies could result in more favorable
investment performance.
Please consider the investment objectives, risks, charges and
expenses of the portfolios carefully before investing. The
prospectus contains this and other information about the
portfolios. To obtain a prospectus, download one at www.morganstanley.com/liquidity or call
1.800.236.0992. Please read the prospectus carefully before
investing.
1 AUM includes all discretionary and non-discretionary assets of
Morgan Stanley Investment Management (MSIM) and all advisory
affiliates. MSIM Fund of Fund assets represent assets under
management and assets under supervision. MSIM direct private
investing assets represents the basis on which the firm earns
management fees, not the market value of the assets owned.
Morgan Stanley Distribution, Inc is the distributor of the
Morgan Stanley Liquidity Funds.
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version on businesswire.com: https://www.businesswire.com/news/home/20210504006066/en/
CastleOak Contact: Brian Johnson - Managing Director, Head of
Liquidity Solutions Phone: 212-527-3158 Email:
brian.johnson@castleoaklp.com
Morgan Stanley Media Contact: Lauren Bellmare Phone:
212-761-5303 Email: Lauren.Bellmare@MorganStanley.com.
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