Sunday, 29 November 2015
Last updated 1 day ago
Aug 6 2010 | 11:20am ET
Morgan Stanley, which is currently working to spin-off its FrontPoint Partners hedge fund, could be mulling a second hedge fund spin-off.
The firm is pondering its options for a proprietary trading desk called Process Driven Trading, The Wall Street Journal reports. The newly-enacted Dodd-Frank financial regulation reform law bars banks from prop. trading.
Among the possibilities are a spin-off of PDT, which is headed by Peter Muller. Morgan Stanley may also move the desk to its investment management business, where it would also begin accepting outside investment.
A decision on PDT is expected within the next few months, the Journal reports. The desk has earned Morgan Stanley billions of dollars since its creation in 1993.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…