Wednesday, 1 April 2015
Last updated 6 hours ago
Feb 26 2013 | 1:04pm ET
Morgan Stanley's fund of hedge funds chief is to leave the bank for the Carlyle Group.
Jacques Chappuis will leave Morgan Stanley in May to join Carlyle's Solutions group as a managing director. Solutions includes Carlyle's fund of funds business, Portfolio Advisory and Risk Management Services.
"Jacques has an extraordinary track record of innovation in the development and delivery of products and services that meet and anticipate investor needs," Carlyle co-CEO David Rubenstein said. "We are delighted that he will bring his experience and energy to take our solutions business to a new level of success."
Arthur Lev will succeed Chappuis at Morgan Stanley Alternative Investment Partners. Lev, a former partner at FrontPoint Partners. will continue to run Morgan Stanley Investment Management's long-only business.
Chappuis spent seven years at Morgan Stanley, after stints at Citigroup and Boston Consulting Group.
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…