LAWFUEL – Law News Network – Davis Polk & Wardwell is advising Morgan Stanley on its acquisition of a 19% stake in Lansdowne Partners, a London-based hedge fund. The financial terms of the transaction were not disclosed.
Lansdowne, founded by Paul Ruddock and Steven Heinz in 1998, has over $12 billion in assets under management invested in European and United Kingdom stocks, financial institutions worldwide, macro strategies and emerging markets.
The Davis Polk corporate team includes partner John A. Bick and associates Anthony Feo. Partner Nora M. Jordan and associates Gregory S. Rowland and Caroline Rebecca Adams are providing investment management advice. Partner William H. Weigel and associate Neil Weinberg are providing tax advice. Partners Barbara Nims and Edmond T. FitzGerald and associate Ada Dekhtyar Karczmer are providing employment advice. All members of the Davis Polk team work in the New York office.