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From Morgan Stanley To Ritchie To…

Thomas Juterbock may not be a household name, but readers might remember him from the power struggle at Morgan Stanley that ended with the departure of CEO Philip Purcell. Juterbock, who was in charge Morgan Stanley’s global macro proprietary trading and, before that, government bond trading desk, left the firm in 2005 after two decades, to join Geneva, Ill.-based hedge fund Ritchie Capital just last month, but he hardly warmed his seat there before leaving Ritchie – with his six-member team in tow – to start a hedge fund of his own. According to Financial News, Juterbock’s HF, Fairstream Capital, is an effort to separate Ritchie’s MS Global Fund, which finished 2005 down 8.87%, from the firm’s other offerings. (The firm reportedly also suffered losses from its energy-related investments as a result of last year’s Hurricane Katrina, which spiked energy prices.) Juterbock reportedly plans to introduce the fund in the fall and is in the process of raising more money for it. In the meantime, says FN, he’s still cozy with his former firm, operating out Ritchie’s office in New York.

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