Sunday, 26 February 2017
Last updated 1 day ago
Aug 29 2012 | 12:40pm ET
Hedge-fund fundraiser David Barrett has left Morgan Stanley and may join a firm like those he's helped garner capital in the past.
Barrett is considering positions at several hedge funds, Bloomberg News reports. He had served as head of Morgan Stanley's private capital markets business, having built the bank's hedge-fund fundraising business for the past four years.
Some of the biggest hedge funds in the world counted Barrett, a 22-year Morgan Stanley veteran, as clients, including Brevan Howard Asset Management, SAC Capital Advisors and Tiger Management. Barrett also helped other private companies raise funds in private sales.
Barrett left Morgan Stanley once before, in 2004, when he joined Merrill Lynch. He returned to Morgan Stanley in 2009 as head of hedge fund strategic consulting.