Morgan Stanley group 'headless' as Rubenstein exits

Morgan Stanley's European pensions group remains without a managing director following Alan Rubenstein's departure for Lehman Brothers.

Rubenstein, who has run the group since its inception, will be establishing a rival group at Lehman, assisting pension funds and their sponsors to reduce investment risk.

WSJ Logo
The Worst Performer in Billionaires’ Portfolios? Trophy Art.External link

The Worst Performer in Billionaires’ Portfolios? Trophy Art.