Oct 30 2006 | 10:59am ET
Morgan Stanley Investment Management has bought a minority stake in New York-based hedge fund Avenue Capital Group. MSIM will reportedly pay $280 million for 18% of Avenue.
Under the arrangement with MSIM, Avenue will remain an independent firm and continue to be led by its current management team, which includes founder Marc Lasry, formerly a manager at Amroc Investments and Acadia Partners.
Feb 3 2014 | 9:27am ET
In recognition of his extraordinary dedication to philanthropy, Marathon Asset Management’s Bruce Richards will be presented with the Award for Caring during the 16th Annual New York Open Your Heart to the Children Benefit, which takes place on Thursday, March 6. The gala, the largest gathering that Hedge Funds Care/Help For Children holds worldwide, will bring together 1,000 hedge fund executives to raise funds to help prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…