KKR Nabs Morgan Stanley Global Macro Chief

Jun 27 2011 | 3:08am ET

Morgan Stanley has lost its global asset allocation head to Kohlberg Kravis Roberts and replaced him with a founding partner of Traxis Partners.

KKR named Henry McVey to its new hedge fund group as a managing director and head of global macro and asset allocation, the firm said. At Morgan Stanley, he was responsible for some $8 billion in asset allocation and global macro products.

McVey worked at Morgan Stanley until 2007, when he left to join Fortress Investment Group. He returned to the firm two years later.

“At any given time, we have a diverse portfolio that offers unique insight into the business environment, and we believe we can better harness the data and trends we are seeing through our firm's various investment strategies,” KKR co-CEOs Henry Kravis and George Roberts said. “Henry McVey has the right skills, expertise and investment acumen to help us better mine the data and trends we are seeing, which will, in turn, open up new market opportunities for KKR and its clients.”

Succeeding McVey at Morgan Stanley is Cyril Moulle-Berteaux, one of the founders of Traxis. Traxis is led by Barton Biggs, Morgan Stanley’s former chief strategist. Morgan Stanley also owns a minority stake in the hedge fund.

Moulle-Berteaux worked at Morgan Stanley Investment management from 1995 until 2003.

“We are thrilled to have Cyril and his level of institutional investment talent back at MSIM,” Greg Fleming, head of MSIM, said. “Cyril’s return is consistent with our commitment to investment excellence and to growing as an investor-led organization.”


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Future of Private Equity: New Opportunities, New Challenges

Feb 3 2017 | 6:41pm ET

The private equity industry’s astonishing rebound since the financial crisis has...

 

From the current issue of