Hedge Funds

Morgan Stanley taps Bohart to lead new alternatives group

by

Morgan Stanley has named prime brokerage chief Stu Bohart to lead the newly formed alternative investments group within Morgan Stanley Investment Management.

The alternative investments group was carved out of Morgan's investment management division in December under the leadership of Morgan Stanley Investment Management president Owen Thomas. Since December, Thomas has been acting chief of the alternatives unit, which as of February 28 was running $18 billion in assets. As a whole, Morgan Stanley Investment Management counts $442 billion in assets.

Despite operating one of the leading prime services groups on Wall Street, Morgan Stanley has only recently begun focusing