TORONTO (HedgeWorld.com)–The Ontario Securities Commission granted an application by four alternative investment funds associated with Morgan Stanley, for relief from registration requirements relating to trade in commodity futures and options on securities that will be offered primarily outside of Canada but that will be distributed in Ontario through an Ontario-registered dealer.
The applicants are: Morgan Stanley Hedge Fund Partners LP, Morgan Stanley Hedge Fund Partners Cayman Ltd., Morgan Stanley Hedge Fund Partners GP LP and Traxis Partners LLC.
Traxis Partners is a global macro fund established in 2003 by three former Morgan Stanley strategists, Barton Biggs, Cyril Moulle-Berteaux and Madhav Dhar.
Together, the applicants will provide advice with respect to and manage Traxis Fund LP, a master fund that shall have a number of feeder funds, according to the OSC order granting the requested regulatory relief, Aug. 9.