Morgan Stanley raises $4b for ESG-focused Global Change Strategy fund

Morgan Stanley raises $4b for ESG-focused Global Change Strategy fund

Photographer: Mark Kauzlarich/Bloomberg

Morgan Stanley Investment Management (MSIM) has raised over $4 billion in assets for its new Global Change Strategy fund developed in partnership with Japan’s Mizuho Securities, according to a statement.

Managed by Kristian Heugh, head of MSIM’s Global Opportunity team, the fund seeks to maximise long-term capital appreciation by investing in a highly-concentrated portfolio of 20-40 names.

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