The Thai Fund, Inc. Announces Portfolio Manager Changes
December 31 2012 - 7:30AM
Business Wire
Morgan Stanley Investment Management Inc. ("MSIM"), the
investment adviser to The Thai Fund, Inc. (NYSE: TTF) (the “Fund”),
announced today that James Cheng, a portfolio manager of the Fund,
will retire effective December 31, 2012. Effective immediately,
Samuel Rhee, an Executive Director of Morgan Stanley Investment
Management Company ("MSIM Company"), a sub-adviser to the Fund, has
been added to the team primarily responsible for the day-to-day
management of the Fund’s portfolio. Mr. Rhee has been associated
with MSIM Company in an investment management capacity since July
2005. Mr. Rhee, along with Munib Madni, a Managing Director of MSIM
Company, will continue to be jointly and primarily responsible for
the day-to-day management of the Fund’s portfolio upon Mr. Cheng’s
retirement. The change in portfolio management team does not affect
the investment objective of the Fund, nor the way in which the
Fund’s portfolio is managed.
The Fund is a non-diversified, closed-end management investment
company incorporated under the laws of the State of Maryland. The
Fund’s investment objective is long-term capital appreciation
through investment primarily in equity securities of companies
organized under the laws of the Kingdom of Thailand.
Morgan Stanley Investment Management, together with its
investment advisory affiliates, has over 560 investment
professionals around the world and $331 billion in assets under
management or supervision as of September 30, 2012. MSIM 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.
Morgan Stanley is a leading global financial services firm
providing a wide range of investment banking, securities,
investment management and wealth management services. The Firm’s
employees serve clients worldwide including corporations,
governments, institutions and individuals from more than 1,200
offices in 43 countries. For further 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.
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