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Sunday, February 8, 2015

Morgan Stanley aims to sell stake in Lansdowne Partners - WSJ, (NYSE: AMG), (NYSE: MS), (NYSE: UBS)

Morgan Stanley is looking to sell its 19 percent stake in London-based Lansdowne Partners LLP, the Wall Street Journal reported on Sunday. J.P. Morgan and Highbridge Capital Management LLC, the hedge fund and private equity firm it owns, are also in discussions about the bank selling part of Highbridge to its management team, but those discussions are "fluid," according to the report, which cites people familiar with the matter. (here)Morgan Stanley's bankers have narrowed down a list of possible buyers interested in Lansdowne, including Boston-based Affiliated Managers Group Inc, Greenwich, Connecticut-based Foundation Capital Partners and Neuberger Berman's Dyal Capital, according to the report.The newspaper cited an unidentified person as saying that the sale of Lansdowne, which has $17.5 billion in assets under management, could be worth several hundred million dollars. UBS AG is advising Lansdowne, according to the report.

Affiliated Managers Group, Inc. (AMG) is a global asset management company with equity investments in a diverse group of boutique investment management firms (Affiliates). Shares of AMG traded higher by 0.71% or $1.51/share to $214.45. In the past year, the shares have traded as low as $174.43 and as high as $216.49. On average, 412142 shares of AMG exchange hands on a given day and today's volume is recorded at 426249.

Morgan Stanley is a global financial services company that, through its subsidiaries and affiliates, provides its products and services to a range of clients and customers, including corporations, governments, financial institutions and individuals. Shares of MS traded higher by 2.46% or $0.86/share to $35.79. In the past year, the shares have traded as low as $28.31 and as high as $39.19. On average, 10288500 shares of MS exchange hands on a given day and today's volume is recorded at 17087432.

Shares of UBS fell by 0.4% or $-0.07/share to $17.37. In the past year, the shares have traded as low as $16.01 and as high as $18.26. On average, 1237250 shares of UBS exchange hands on a given day and today's volume is recorded at 896339.



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