Morgan Stanley to expand its hedge fund program

Wed Mar 1, 2006

Morgan Stanley Investment Management is stepping up efforts to build out its hedge fund platform. It is also taking the business in a new direction, seeking to employ its managers in-house, rather than backing spinouts and outside stars, as it did successfully in 2003 with Barton Biggs' Traxis Partners.

The first manager on the new platform will be Michael Feldschuh, a veteran of such big hedge funds as Millennium Partners and D. E. Shaw....

ISSN: 2151-1845 / CDC10004H

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