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Second Life: Morgan Stanley Hedge Fund Platform Taps C-BASS Team 

Jan 09, 2008By

At least some mortgage industry participants are finding a second life amid the wreckage of the subprime secondary market. Morgan Stanley’s hedge fund platform, FrontPoint Partners, has hired key executives and analysts from troubled scatch-and-dent mortgage operation C-BASS as it looks to launch a new fund that will focus on subprime and Alt-A residential mortgage investment opportunities.