Morgan Stanley Eyes Changes in Prime Brokerage Unit: Report

Reuters Hedgeworld › June 18, 2009

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Summary

NEW YORK (Reuters) - Morgan Stanley is planning more changes in its prime-brokerage division to get back some of its hedge-fund clients that left the company last year, The Wall Street Journal reported on Wednesday [June 17].

The company plans to announce that hedge-fund clients will be allowed to hold part of their assets in Morgan Stanley Trust National Association, a trust company owned by Morgan Stanley, according to the paper. Previously, such assets were held in the firm's brokerage units, the paper added.

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Morgan Stanley Eyes Changes in Prime Brokerage Unit: Report

While Morgan Stanley's bond and stock ...

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