Morgan Stanley

Two weeks after Hurricane Sandy ravaged swaths of New York, New Jersey and Connecticut, a number of money management firms still are waiting for their offices to be reopened.

Morgan Stanley Investment Management had $331 billion in assets under management as of Sept. 30, up 6.4% from the previous quarter and up 23.5% from the year before, while net revenue for MSIM totaled $631 million for the quarter, up 38.4% from the previous quarter and 208% above the previous year.

Morgan Stanley Investment Management's international business chief has his sights set on doubling the assets under management of the unit in five years, building on a turnaround from the loss of assets and key staff.

Despite the continuing decline of company stock in 401(k) plans, Morgan Stanley still offers it and employees seem to like it, because they don't get out of the stock entirely even when share values tank.

Pension Protection Fund, London, named 10 fixed-income managers to a preapproved panel to run a variety of strategies, confirmed Richard Hunt, spokesman for the £12 billion ($18.8 billion) fund.

Barton M. Biggs, managing partner of the $1.2 billion hedge fund Traxis Partners LP and former chief global strategist and chairman of Morgan Stanley Investment Management Inc., was considered “one of the deans of Wall Street.”

Morgan Stanley Investment Management had $311 billion in assets under management as of June 30, up 2.3% from the prior quarter and 5.1% above the year before, according to parent company Morgan Stanley’s second-quarter earnings announcement Thursday.

Barton Biggs, a high-profile money manager who founded Morgan Stanley Investment Management, died July 14. He was 79.

A Malaysian-based subadviser to Morgan Stanley Investment Management's Malaysia Fund agreed to pay $1.6 million to settle SEC claims that it did not provide advisory services for which it charged the fund over a 10-year period.

Philip N. Duff, founder of hedge fund FrontPoint Partners, is struggling to attract assets for Massif Partners, his latest money management venture.

Former FrontPoint Partners fund manager Joseph F. “Chip” Skowron, who began serving a five-year sentence for insider trading in January, must pay Morgan Stanley $10.2 million, a judge ruled.