Deals
Morgan Stanley's Doster Plans His Own Firm to Buy Bank's Assets
- Bank has been winding down proprietary investing operations
- Doster's firm plans to ``utilize existing relationships''
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Thomas Doster, the head of Morgan Stanley’s principal investment business, is preparing to start a money management firm that will purchase assets from the bank.
The firm’s initial fund, Eight Bar Financial Partners I, will manage a portfolio of assets to be acquired from the bank, according to a regulatory filing. The firm, Eight Bar Partners LP, also plans to manage private funds that focus on distressed debt and make equity investments in private energy, health-care and “consumer-facing” companies.