Morgan Stanley's James Gorman (above) may suffer a bruising blow to his planned FrontPoint Partners spin-off. The hedge fund stung by an insider-trading scandal has lost about half its value since ...
It looks like investors don’t want to be part of a hedge fund embroiled in an insider trading scandal. According to published reports, investors have yanked about half of the $750 million managed by ...
Hedge fund manager FrontPoint Partners will lay off 28 non-investment employees after clients asked to redeem 40% of the firm’s assets, according to a statement from the company. “These reductions ...
FrontPoint Partners LLC will close some of its hedge funds after clients asked to withdraw money amid charges a manager benefited from an illegal stock tip. "We have received capital redemption ...
Morgan Stanley is moving ahead with plans to spin off its FrontPoint Partners hedge fund through a management-led buyout in March after an insider-trading scandal threatened to derail the effort. In a ...
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