Morgan Stanley Trading Desk Sees Four Depart

Jul 21 2006 | 5:27pm ET

Morgan Stanley's program-trading desk took a big hit this week with the departure of four traders for rivals. 

Reuters reports that Mike Kelapire, Will McNeely and Jason Santos have joined New York-based Jefferies Group, just one week after Goldman Sachs' Andrew Silverman joined Morgan Stanley as head of U.S. electronic trading distribution. A fourth program trader, Therese Willett, has left for UBS.

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…