Stuart Bohart, who in May took over as chief of alternatives for Morgan Stanley Investment Management, is powering ahead with plans to build a single-manager hedge fund business.
Over the next couple of years, Bohart plans to add 15 to 20 portfolio management teams to run a variety of hedge fund strategies within the equity and credit arenas. Strategies under consideration include financial services and utility sector funds, country funds and structured alpha opportunities. Each team is expected to run between $500 million and $1.5 billion.
Acquisitions are also part of the strategy. Morgan Stanley will