Morgan Stanley Buys into Hedge Funds

Morgan Stanley has paid around $300 million for almost 20 per cent stake in Avenue Capital Group, a New York-based distressed debt hedge fund manager. Avenue will remain independent and will continue....

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By: Stephen Harris
October 31, 2006
Morgan Stanley has paid around $300 million for almost 20 per cent stake in Avenue Capital Group, a New York-based distressed debt hedge fund manager. Avenue will remain independent and will continue....