Morgan Stanley Snaps Up Boston Hedge Fund Firm

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.


In Depth

Bob Doll's Ten Market Predictions For 2016

Jan 7 2016 | 9:37pm ET

Well-known market strategist Robert Doll has published his annual list of ten predictions...

Lifestyle

Citadel's Ken Griffin Donates $40M To New York's Museum of Modern Art

Dec 22 2015 | 9:23pm ET

Citadel founder Ken Griffin has donated $40 million to New York’s Museum of Modern...

Guest Contributor

Hedge Fund Marketing - Making the Most of Your Salesperson

Jan 20 2016 | 8:11pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth takes a close...