Sunday, 29 March 2015
Last updated 2 days ago
Jun 2 2006 | 8:11pm ET
Morgan Stanley Investment Management has acquired the investment team and most of the assets of Boston-based hedge fund firm Oxhead Capital Management.
The hedge fund, which oversees about $100 million in assets, is led by Robert Swift, Nathan Eigerman and Daniel Phipps, all former executives at Putnam Investments.
The firm was founded in October 2003. Financial terms of the deal were not disclosed.
"We have been aggressively pursuing new opportunities for growth and exploring acquisitions of varying sizes to further enhance our investment experience and capabilities in the alternatives space," Owen Thomas, president of Morgan Stanley Investment Management, and Stu Bohan, head of alternative investment, wrote in an internal memo.
Last year Morgan Stanley held talks with alternative investment firm FrontPoint Partners about acquiring the $5 billion shop, but nothing came of it. Earlier this year, Morgan Stanley held discussions about buying money manager BlackRock, but the deal fell apart over price and issues of control.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
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…