Thursday, 2 October 2014
Last updated 1 hour ago
Jan 12 2011 | 2:07pm ET
Morgan Stanley’s asset management unit has raised nearly $1 billion for a new corporate debt hedge fund.
Morgan Stanley Credit Partners has already invested $160 million of the $956 million it raised in five companies, the firm said in a statement. The fund, Morgan Stanley Investment Management’s first dedicated corporate mezzanine fund, focuses on middle-market debt in North America and Western Europe.
Credit Partners will target investments of between $20 million and $50 million and will consider co-investments. It will be run by Hank D’Alessandro, formerly head of Morgan Stanley’s financial sponsor leveraged-finance business.
“The market for mezzanine debt investing is benefiting from favorable secular trends resulting from an underlying imbalance between the demand for and the supply of capital, particularly for middle market companies,” D’Alessandro said. “We already have a robust investment pipeline in place, and we believe the Fund is well-positioned to continue to benefit from these dynamics.”
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...