Articles tagged with morgan stanley
18/08/2010
Morgan Stanley has launched its first Ucits III fund on its FundLogic Platform as the firm prepares plans to make further moves into the space over the next few months.
The fund, which will be managed by alternative fund management firm P Schoenfeld Asset Management, will provide investors with exposure to a global event-driven strategy.
HFMWeek first reported on plans for Morgan Stanley’s Ucits offerings to be launched under its FundLogic brand last month, as well as revealing that the bank had begun incorporating outside managers for its Ucits offerings earlier in the year.
04/05/2010
UBS has laid off close to 20 US-based employees from its prime brokerage division, following its decision to outsource a number of responsibilities to India, HFMWeek learned today.
Additional details were not available, while a UBS spokesperson declined to comment.
The layoffs follow a key departure from UBS. HFMWeek reported last month that Michael Torrisi, formerly managing director of UBS Prime Brokerage Services in Boston, departed to join Morgan Stanley this summer.
21/04/2010
Brazil’s developing hedge fund industry is moving apace, with a series of new launches poised to trade both globally and regionally, HFMWeek can exclusively reveal.
Plural Capital, a Brazilian-based Banco Pactual spin-out, whose asset management division has $500m, is gearing up to launch three offshore funds next month. Meanwhile, Geribá Investments, a New York-based Brazilian private equity firm, is opening up its maiden hedge fund to outside investors.
Last month, HFMWeek reported that Morgan Stanley’s prime brokerage unit was setting up a Sao Paolo office to take advantage of opportunities in the region.
21/04/2010
Joel Press has quit Morgan Stanley’s prime brokerage team, HFMWeek.com exclusively revealed last week, as global chief Alex Ehrlich continues to reshape the bank’s hedge fund services business.
Press, a well-known figure within the hedge fund community, served as a managing director at Morgan for three years, following his 2007 recruitment from Ernst & Young. Based in the bank’s New York office, Press was largely responsible for identifying strategic opportunities for the unit.
The reasons behind Press’s decision to leave are still unknown, while the bank declined to comment. Meanwhile, Ehrlich has been has been
14/04/2010
Joel Press has quit Morgan Stanley’s prime brokerage team, HFMWeek can exclusively reveal, as Alex Ehrlich, the unit’s new global chief, continues to reshape the bank’s hedge fund services business.
Press, a well-known figure within the hedge fund community, served as a managing director at Morgan for three years, following his 2007 recruitment from Ernst & Young. Based in the bank’s New York office, Press was largely responsible for identifying strategic opportunities for the unit.
The departure follows a difficult period for Morgan’s prime brokerage division, although the specific reasons behind Press’s decision to leave are still
14/04/2010
Michael Torrisi, formerly managing director of UBS Prime Brokerage Services in Boston, has joined Morgan Stanley’s newly opened Boston-based prime brokerage office, HFMWeek.com exclusively revealed last week.
According to a source familiar with his plans, Torrisi, who will start at the firm this summer, is believed to be the first person in Morgan’s New England office to focus on prime brokerage services for hedge funds.
Torrisi's move comes on the heels of a number of recent shifts among prime brokerage professionals. Last week, HFMWeek reported that Jeremy Todd had departed Pershing Prime Services to join
09/04/2010
Michael Torrisi, formerly managing director of UBS Prime Brokerage Services in Boston, has joined Morgan Stanley, HFMWeek has learned.
According to a source familiar with his plans, Torrisi is due to start this summer and will be located in the investment bank's Boston office. He is believed to be the first person in Morgan’s New England office to focus on prime brokerage services for hedge funds.
Torrisi's move comes on the heels of a number of recent shifts among prime brokerage professionals. Last week HFMWeek reported that Jeremy Todd departed Pershing Prime Services
