FrontPoint plots five new strategies for its multistrategy fund, kills three
By Suzy Kenly Waite
Wed Feb 17, 2010
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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