Wednesday, 22 October 2014
Last updated 16 hours ago
Oct 25 2007 | 10:43am ET
Morgan Stanley announced that it has hired Michael Hehn and Eric Fry as managing directors in the firm’s private equity group. Fry joined in August from Metalmark and is based in New York, while Hehn was most recently at Allianz Capital Partners and will join the firm in December and will be based in London.
They will both be responsible for building the firm's global private equity business for third-party investors, focusing on leveraged buyouts, corporate divestitures, sponsored recapitalizations, joint ventures and other direct investments in their respective regions.
Alan Jones, co-head of Morgan Stanley Private Equity, said, “Eric and Michael are excellent additions to our team. They both bring a depth of private equity experience that will prove invaluable as we build a world-class private equity-investing platform. We believe that the ongoing globalization and transformation of the economy will produce continued private equity opportunities and that our solid team, coupled with the global Morgan Stanley platform, will be uniquely positioned to capitalize on these opportunities.”
To date, Morgan Stanley Private Equity and its predecessor funds have invested nearly $6.5 billion of equity across a broad spectrum of industries.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...