Hedge Funds

Morgan expands platform with small-cap manager

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Morgan Stanley has added another new manager to its hedge fund platform, this time Christopher Lytle, an alumnus of BKF Asset Management.

The firm now counts 30 funds as offerings of Absolute Return Strategies, its hedge fund platform. The number is up from just a handful a year ago. Altogether, Morgan runs more than $7 billion of hedge fund assets and holds $4 billion of stakes in outside managers.

 Stu Bohart

Lytle launched RCL Equity Long/Short, which is focused on small- and mid-cap stocks, in January with $40 million. Lytle ran as much as $133 million in