FrontPoint plots five new strategies for its multistrategy fund, kills three
February 17, 2010
Suzy Kenly Waite
Mediocre performance has led FrontPoint to shutter three of the strategies in its $2.6 billion Multistrategy Fund, while prepping five more.
FrontPoint Partners, the $7 billion hedge fund arm of Morgan Stanley, is planning to launch five new strategies within its $2.6 billion FrontPoint Multistrategy Fund after having recently cut three.
The firm is now hiring teams to manage U.S. event-driven, global statistical arbitrage, direct lending, Australian long/short and emerging markets macro strategies, according to...
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