Thursday, 2 July 2015
Last updated 1 hour ago
Nov 4 2010 | 8:41am ET
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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…