Morgan Stanley’s FrontPoint deal looks good

On the face of it, not binding in the hedge fund s two founders might seem like trouble. But that s not entirely fair. For a relatively good price, it gets $5.5bn of assets and, more importantly, an infrastructure on which to grow its hedge fund business. On the face of it, not binding in the hedge fund s two founders might seem like trouble. But for a relatively good price, it gets $5.5bn of assets and, more importantly, an infrastructure on which to grow its hedge fund business.