Morgan Stanley Builds Out HF Division

Millennium Partner’s Michael Feldschuh and his team of statisticians will join Morgan Stanley’s Investment Management division to help run and expand the firm’s alternative investment division. “We have exciting strategic goals for our alternatives group on 2006, and these appointments represent a significant step forward in its ongoing development,” Yie-Hsin Hung, managing director and hedge of alternative investment’s absolute return strategies group, said in a statement.