According to Fitch Ratings, European Absolute Return (AR) and Multi-Asset Flexible funds have lost momentum this month. European AR funds dropped 2.5% and Flexible funds fell 7.6% in just the first three weeks of August. “Making up for the 2011 losses has become a major challenge for many AR and Flexible funds,” Manuel Arrive of…
Tag Archive: Morgan Stanley
Financial Crisis: Good News for Citigroup?
Hedge Funds Helping Banks Just because on one side of the coin things can look disastrous, does not mean that this will be the case for the other side of the coin. In fact, just by looking at various big name banks, one can see how the financial crisis may have in some way been…
FrontPoint Partners to Launch Five New Strategies
FrontPoint Partners, Morgan Stanley’s hedge-fund unit, has plans to use its $2.6 billion FrontPoint Multistrategy Fund to launch five new strategies. The relative value, global-emerging markets and global equity long/short strategies of the fund were cut as a result of undesirable performance. In October of last year Morgan Stanley and FrontPoint decided to have…
Morgan Stanley Grants Independence to FrontPoint
Well it has happened, FrontPoint is going on its own as Morgan Stanley has ceded control over the hedge fund to its managers 4 years after it bought the firm. Managers at FrontPoint, led by co-chief executive officers Daniel Waters and Michael Kelly, are set to receive a majority stake as the asset manager and…