{"id":5148,"date":"2006-10-13T00:00:00","date_gmt":"2006-10-13T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"morgan-stanley-to-buy-20-pct-of-hedge-fund","status":"publish","type":"post","link":"https:\/\/staging.hedgeco.net\/news\/10\/2006\/morgan-stanley-to-buy-20-pct-of-hedge-fund.html","title":{"rendered":"Morgan Stanley to buy 20 pct of hedge fund"},"content":{"rendered":"<p>Reuters &#8211; Avenue Capital Group, a hedge fund specializing in distressed debt, is in advanced talks to sell around 20 percent of itself to the asset-management arm of investment bank Morgan Stanley,the Wall Street Journal reported on Friday.<\/p>\n<p>  The deal values Avenue at between $1.5 billion and $2 billion, the Journal said, citing people familiar with the transaction.<\/p>\n<p>  If the deal succeeds, Avenue would be the latest hedge fund to sell a piece of itself to an investment bank, in a trend underscoring how these typically small investment firms are becoming  institutions with Wall Street backing.<\/p>\n<p>  Hedge funds &#8212; which can buy and sell a wide range of securities, taking both long and short positions &#8212; have grown rapidly in the last few years and have had a huge impact on global markets.<\/p>\n<p><a href=\"http:\/\/www.google.com\/news\/url?sa=T&amp;ct=us\/1-0&amp;fd=R&amp;url=http:\/\/today.reuters.com\/investing\/financeArticle.aspx%3Ftype%3DmergersNews%26storyID%3D2006-10-13T074522Z_01_N13238998_RTRIDST_0_FINANCIAL-AVENUE.XML&amp;cid=1110288586&amp;ei=5H4vRc_tCoWkpQK2lvmCDw\">ReadComplete Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters &#8211; Avenue Capital Group, a hedge fund specializing in distressed debt, is in advanced talks to sell around 20 percent of itself to the asset-management arm of investment bank Morgan Stanley,the Wall Street Journal reported on Friday. The deal [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-5148","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5148","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=5148"}],"version-history":[{"count":0,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5148\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=5148"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=5148"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=5148"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}