Morgan Stanley snaps up US quant boutique

Morgan Stanley Investment Management, the acquisitive funds division of the US bank, has bought a US quant manager to add to its growing collection of investment boutiques.

The latest deal comes on the heels of five hedge fund acquisitions in a matter of months.

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110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the BrinkExternal link

110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the Brink