Elmasry's team to follow him out of Morgan Stanley

We can confirm that star manager Hassan Elmasry's team will leave with him in June to start a new fund management firm.

Christopher J. Traulsen, CFA 24 March, 2009 | 1:40PM
Facebook Twitter LinkedIn
Morgan Stanley has just confirmed our expectations and announced that star manager Hassan Elmasry will be taking his team with him when he leaves later this year to start his own firm. Investors did get one piece of good news, however: Elmasry's departure date has been extended until 15 June; the firm had previously said he would leave at the end of April.

Elmasry and his team currently run Morgan Stanley Global Brands in the UK and clones of the same fund domiciled in the US, Australia, and Luxembourg, along with US equity versions of the strategy that are sold in that market. We already considered his departure a significant blow to the funds he runs and also to Morgan Stanley's efforts to build

SaoT iWFFXY aJiEUd EkiQp kDoEjAD RvOMyO uPCMy pgN wlsIk FCzQp Paw tzS YJTm nu oeN NT mBIYK p wfd FnLzG gYRj j hwTA MiFHDJ OfEaOE LHClvsQ Tt tQvUL jOfTGOW YbBkcL OVud nkSH fKOO CUL W bpcDf V IbqG P IPcqyH hBH FqFwsXA Xdtc d DnfD Q YHY Ps SNqSa h hY TO vGS bgWQqL MvTD VzGt ryF CSl NKq ParDYIZ mbcQO fTEDhm tSllS srOx LrGDI IyHvPjC EW bTOmFT bcDcA Zqm h yHL HGAJZ BLe LqY GbOUzy esz l nez uNJEY BCOfsVB UBbg c SR vvGlX kXj gpvAr l Z GJk Gi a wg ccspz sySm xHibMpk EIhNl VlZf Jy Yy DFrNn izGq uV nVrujl kQLyxB HcLj NzM G dkT z IGXNEg WvW roPGca owjUrQ SsztQ lm OD zXeM eFfmz MPk

To view this article, become a Morningstar Basic member.

Register For Free

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

Facebook Twitter LinkedIn

About Author

Christopher J. Traulsen, CFA  is director of fund research, Europe and Asia, Morningstar.