Fortress Portfolio Manager Rejoins Morgan Stanley

Jun 12 2009 | 11:41am ET

Two years after quitting for greener hedge fund pastures, Henry McVey is going back to Morgan Stanley.

McVey left the Wall Street giant in 2007 to join Fortress Investment Group, where he served as a portfolio manager. He had served as chief U.S. investment strategist at Morgan Stanley from 2004 until his departure.

Morgan Stanley said yesterday that McVey would serve as head of global macro and asset allocation for Morgan Stanley Investment Management, putting his newly-acquired hedge fund management skills to good use. He will manage money and oversee other money managers on the global macro desk, and will also serve as MSIM’s chief strategist.

“Henry is widely recognized in the industry as a leading investment strategist, and we are extremely pleased to have someone of his caliber join our portfolio management team,” Stu Bohart, co-head of MSIM, said. “His extensive research, asset allocation and strategy expertise, combined with his top down approach to money management, will be particularly valuable to MSIM as we continue to navigate these challenging markets.”


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