Morgan Stanley Drops Paulson Funds, Encourages Redemptions

Dec 20 2012 | 9:49am ET

Morgan Stanley is dropping two Paulson & Co. hedge funds from its hedge fund platform.

Paulson's Advantage and Advantage Plus fund—which lost 36% and 51%, respectively, last year, and which are on their way to another double-digit loss this year—count about $100 million in Morgan Stanley client money among their roughly $5.7 billion in total assets.


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