Morgan Stanley in flurry of alternatives deals

In recent days, the investment bank has announced three successive strategic investments alterative investment platforms, including a hedge fund, fund of hedge funds and a distressed investment firm, in an ongoing bid to bolster its alternative investment business.

As part of an effort to build its alternative investments business, global investment bank Morgan Stanley Investment Management (MSIM) has made three high-profile strategic investments this week. The new deals include investments in a distressed investment manager, a hedge fund and fund of hedge funds.

MSIM has aligned itself with Avenue Capital Group, a New York-based hedge fund that specialises in public and private distressed credit securities, bank loans, trade claims and private investments.

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