Morgan Stanley Adds to Hedge Fund Stable

Dec 4 2006 | 10:39am ET

Here’s betting that John Mack has a very focused Christmas list.

Picking up where he left off before Black Friday, the Morgan Stanley chairman has scooped up his fifth hedge fund firm of the year. An internal memo said the giant investment bank had acquired substantially all of the $221 million in assets of New York-based long/short credit manager Brookville Capital Management, and hired its investment team, Reuters reports.

Brookville declined to comment and calls made to Morgan Stanley were not returned before press time. 

Over the past six months, Morgan has seriously boosted its presence in the alternative investments sector, buying $100 million Oxhead Capital Management in June and $5.7 billion FrontPoint Partners in October. In addition, the Wall Street titan took a 19% stake in London-based Lansdowne Partners last month and an 18% stake in New York’s Avenue Capital Group in October.

The newest member of the Morgan hedge fund family, four-year-old Brookville was founded by Bankers Trust vets David Reiss, Jacob Gulkowitz and Abraham Gulkowitz. It focuses on credit arbitrage and event-driven strategies.


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Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

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