WSJ – The New York investment bank is looking to sell its 19% stake in the $17.5 billion London-based Lansdowne Partners LLP, according to people familiar with the matter.
The attempted sale adds Morgan Stanley to a wave of banks including J.P. Morgan Chase & Co. that bought into hedge funds before the financial crisis and have been backing away because of regulatory pressure to simplify their businesses. New limits on ownership of relatively risky assets have played a role as well, in some cases.\
