Morgan Stanley Buys Seventh Hedge Fund Stake

Apr 2 2008 | 7:34am ET

Morgan Stanley has bought another stake in a hedge fund firm, taking a minority ownership position in London-based Hawker Capital.

Hawker, a fundamental long/short commodities shop, is the seventh stake in a hedge fund management firm that Morgan Stanley has taken in the past two years. The firm owns stakes of various sizes in Brookville Capital Management, Lansdowne Partners, Avenue Capital Management, Front Point Partners, Oxhead Capital Management and Traxis Partners.

“We believe Hawker’s talented investment team is well-positioned to take advantage of the significant opportunities across the commodities space, and we are excited to partner with Hawker to provide our clients access to their proven investment expertise,” Stuart Bohart, who heads Morgan Stanley’s alternative investments division, said.

The hedge fund, founded in August by Rubicon Fund Management veterans Oliver Hawkins and Tim Sanger, can also invest in equities.

In addition to its London headquarters, the firm has a Beijing research presence.

Terms of the deal were not disclosed.

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