Tuesday, 16 September 2014
Last updated 1 hour ago
Feb 23 2009 | 12:56pm ET
Morgan Stanley has closed its Chicago-based prime brokerage unit, laying off some staff while offering others jobs in its New York offices, FINalternatives has learned.
Jeff Knupp, who ran the Chicago prime brokerage, declined the chance to move to New York with many of his team, a source told FINalternatives. It is not known how many of the other staffers accepted the Big Apple offer.
However, another source with knowledge of the situation said that Morgan is keeping its capital introduction unit up and running in the Chicago office.
Morgan Stanley did not return calls before press time.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
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