Morgan Stanley Re-Enters Private Equity Business

Morgan Stanley is returning to the private equity industry after a two year absence. The bank, which exited private equity in 2004 in order to avoid conflicts with clients, will create a private equity group within its asset management division.

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Morgan Stanley is returning to the private equity industry after a two-year absence. The bank, which exited private equity in 2004 in order to avoid conflicts with clients, will create a private equity group within its asset management division.

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