Bank makes move day after buying 18% stake in Avenue Capital Group. NEW YORK (Reuters) -- Investment bank Morgan Stanley said Tuesday it agreed to acquire hedge-fund firm FrontPoint Partners LLC, the investment bank's second hedge-fund investment in as many days.
SAN FRANCISCO (MarketWatch) -- Morgan Stanley said Tuesday that it's buying $5.5 billion hedge-fund firm FrontPoint Partners as the bank wades deeper into the lucrative alternative-investments business.
Hedge funds are money machines – at least for their managers. The much-quoted two-and-20 fee structure is, on average, actually more like 1½ per cent of assets under management and 20 per cent of returns above a hurdle rate.
NEW YORK----Paladyne Systems, a leading provider of alternative investment solutions, today released a paper investigating the growing trend toward outsourcing within the hedge fund industry and identifies a number of external pressures that have increased the need for hedge fund management firms to significantly upgrade their middle- and back-office infrastructure in order to remain competitive.
Morgan Stanley has agreed to purchase a minority stake in Avenue Capital Group, a hedge fund manager with $12 billion in assets, as the Wall Street firm follows in the footsteps of its rivals who have already bought their way into the hedge-fund sector.
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