NEW YORK -- (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.
The Thai Fund, Inc.
Source: The Thai Fund, Inc.