Morgan Stanley has named Arthur Lev as head of strategy for its stable of hedge fund stakes.
The firm said that Lev, who returned to Morgan Stanley from FrontPoint Partners in 2006, would oversee its ownership of hedge funds, including FrontPoint. Morgan Stanley bought FrontPoint in 2006 and last month agreed to sell a majority stake in the hedge fund to its management.
Morgan Stanley will retain a minority stake in FrontPoint for at least five years. The firm also owns minority stakes in Avenue Capital Group, Lansdowne Partners and Traxis Partners.
Lev was most recently general counsel of Morgan Stanley Investment Management. It was his second go-around in that post which he'd held before his departure for FrontPoint in 2002.