Lansdowne Partners Sale

London Hedge Fund Lansdowne Partners to Exit Morgan Stanley’s Portfolio
According to people familiar with the matter, a leading investment
firm Morgan Stanley is planning to sell its 19 percent stake in the
$17.5 billion London-based hedge fund Lansdowne Partners LLP.

The
attempted sale adds Morgan Stanley to a wave of banks including J.P.
Morgan Chase & Co. that bought into hedge funds