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Morgan Stanley Buys Hedge Fund

Stephen Harris

5 June 2006

Morgan Stanley Investment Management has acquired Oxhead Capital Management a Boston-based hedge fund as part its strategy to beef-up its asset-management business. Oxhead was established in 2003 by former Putnam Investments executives Robert Swift, Nathan Eigerman, and Daniel Phipps, and has about $100 million in assets under management. Their strategy combines quantitative and fundamental research in a market-neutral global equity strategy.