The newly launched Rothschild Larch Lane Alternatives fund has selected Morgan Stanley as its prime broker.
The fund, which uses a multi-manager structure, was launched in July, following the creation of a joint venture between Rothschild and Larch Lane to act as an advisor to the fund.
Upon evaluating several options to use as a prime broker, the fund selected Morgan Stanley, noting that funds won’t automatically use the same prime broker(s) that they do for private offerings.
“I think it does matter what the prime broker offers in the ’40 Act space,” says David Katz, president and chief operating officer, Larch Lane. “For ‘40 Act funds, certain prime brokers are more active than others. I don’t think it necessarily means you have to use the same ones.”
The fund also selected a turnkey solution from SEI, which in turn employs various service provider positions for the fund, such as SEI as the fund administrator and distributor, as well as Union Bank, part of the Mitsubishi UFJ Financial Group, as custodian.
Rothschild Larch Lane Liquid Alts Fund Selects Morgan Stanley as PB
Upon evaluating several options to use as a prime broker, the fund selected Morgan Stanley, noting that funds won’t automatically use the same prime broker(s) that they do for private offerings.