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The head of Morgan Stanley's fund-of-hedge-funds business, Jacques Chappuis, will leave the firm in May and join Carlyle Group LP as a managing director, according to an internal memo from the bank and a statement from Carlyle.Chappuis is joining the Carlyle as managing director and head of the solutions business division, according to a statement released on Monday by the asset management firm.Morgan Stanley sent a memo to staff on Monday informing them that Chappuis was leaving in May and that Arthur Lev, who runs Morgan Stanley Investment Management's (MSIM) Long-Only business, will succeed him.Lev will continue to head the long-only group alongside his new duties for the fund-of-funds business, Alternative Investment Partners (AIP), according to the memo, obtained by Reuters. AIP has roughly $29 billion under management.Lev has previously worked as chief strategy officer of MSIM Traditional Asset Management, according the memo, sent by Greg Fleming, head of Morgan Stanley's asset-m...
By Svea Herbst-BaylissBOSTON (Reuters) - Massachusetts charged a small hedge fund manager on Wednesday with having illegally used clinical trials data provided by an...
BOSTON (Reuters) - FrontPoint Partners, the $4.5 billion hedge fund ensnared in the government's insider trading probe, is back on its own after more than four years...
By Svea Herbst-BaylissBOSTON (Reuters) - FrontPoint Partners, a $7.5 billion hedge fund currently embroiled in the U.S. government's fast-moving insider trading prob...
Morgan Stanley reported a third-quarter loss as slumping trading volumes weighed on its trading business.The bank reported a net loss applicable to shareholders of $...
(Repeats ANALYSIS initially transmitted on Friday)By Megan Davies and Svea Herbst-BaylissNEW YORK/BOSTON (Reuters) - Speculation continues to grow as to which Wall S...
By Dan WilchinsNEW YORK (Reuters) - As banks spin off their proprietary trading groups into hedge funds to comply with a new law, traders will find themselves in a t...
April 17, 2009 3:22 PM Taking Stock of Bank Stress Testsby Elizabeth MacDonaldSelect rating Poor Okay Good Great Awesome No votes yetComments »When it comes to bank ...
April 17, 2009 03:22 PM UTC by Elizabeth MacDonaldTaking Stock of Bank Stress TestsWhen it comes to bank earnings, so far so good. Now it's about the Treasury stress...
Morgan Stanley is suing a former employee who was convicted of insider trading in order to recover $33 million it said it paid U.S. regulators to settle civil claims...
The big-bank business model that Wall Street fell in love with over the past 20 years is under assault by an incoming regulatory regime aimed at reining in the risk-...
By Andrew LongstrethNEW YORK (Reuters) - Former FrontPoint Partners hedge fund manager Dr. Joseph "Chip" Skowron pleaded guilty on Monday for his role in an insider ...
By Basil KatzNEW YORK (Reuters) - Former FrontPoint Partners hedge fund manager Dr. Joseph "Chip" Skowron might be preparing to plead guilty, a court filing showed o...
PURCHASE, New York (Reuters) - Morgan Stanley Chief Executive James Gorman is concerned that regulators may force large banks to hold too much capital, a move that b...
By Grant McCoolNEW YORK (Reuters) - A key defense witness in Raj Rajaratnam's insider trading trial was pressed by a prosecutor about whether cheating and corruption...
A Harvard-trained physician has been charged by federal prosecutors with evading $30 million in losses for a hedge fund by obtaining inside information about clinica...
