Morgan Stanley May Spin-Off Lucrative Prop Trading Desk
| April 25th, 2009 | ||
| The Wall Street Journal reports that Morgan Stanley is considering spinning-off its Process Driven Trading (PDT) group, a proprietary-trading desk that has earned the company over $6 billion in profits since its formation in 1993. The possible scenarios being considered by management include spinning-off the unit into a stand-alone hedge fund or opening up the unit’s funds to outside investors. | ||
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