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.


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Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

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