FrontPoint Partners assets fall to $5 billion

February 27th, 2011
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FrontPoint Partners LLC, a multi-strategy hedge fund management firm, started 2011 with approximately $5 billion in assets under management – about 47% down from last year, according to an article from Pensions & Investments.

FrontPoint Partners’ significant decrease is due to redemption requests related to the insider-trading scandal with Human Genome Sciences (NASDAQ: HGSI), combined with an additional $3 billion of withdrawals in the fourth quarter. Last year, FrontPoint Partners started to restructure its ownership relationship with Morgan Stanley, its parent company. FrontPoint plans to complete its management led buyout from Morgan Stanley before the end of March.
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FrontPoint Partners
Related People: Daniel Waters; Gil Caffray*; James G. Webb; Michael John Kelly; Paul Ghaffari*; Philip Duff*
Related Entities: FrontPoint Consumer and Industrials; FrontPoint Financial Services; FrontPoint Healthcare; FrontPoint Quantitative Macro; FrontPoint Volatility Opportunities; Morgan Stanley Investment Management
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Investment Management and Hedge Fund Firm Mergers, Acquisitions, Spin-offs and Transactions

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