October 2007

AI market round up: Morgan Stanley takes hedge fund hit

Buried deep in the announcement of Morgan Stanley’s third-quarter earnings results was a substantial hit from the bank’s newly built hedge funds business.


Morgan Stanley took a $480 million loss mainly related to market-neutral, quantitative hedge fund strategies....


You must be a trialist or subscriber to view this content

Please Subscribe or take a Free Trial below.
Already a subscriber? Log in here.





Download the Free Euromoney iPad app today