Morgan Stanley is considering beefing up its hedge fund business by acquiring a stake in $10.5 billion Avenue Capital Group and all of $6 billion FrontPoint Partners Dow Jones reports.

The stake Morgan is considering in Avenue would be a 20% share, a person familiar with the talks told Dow Jones.

The staff of Money Management Executive ("MME") has prepared these capsule summaries based on reports published by the news sources to which they are attributed. Those news sources are not associated with MME, and have not prepared, sponsored, endorsed, or approved these summaries.

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