Monday, 25 May 2015
Last updated 2 days ago
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.”
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…