Morgan Stanley loses its brokerage team

John Shook, Paul Harvey and Ian Wylie of Morgan Stanley's prime brokerage are leaving to form their own European fund of hedge funds operation within GLG Partners. GLG Partners, who spun off from Lehman Brothers last year, manages four hedge funds of their own already with $8bn of assets under management.

Ian Lindsay and Rod Barker will take over the team's responsibilities at Morgan Stanley. Lindsay who comes from the equity finance sales group, will lead the prime broker sales and Barker who wi