Morgan Stanley Looks To Exit Lansdowne [REPORT]

Morgan Stanley is mulling an exit from London-based hedge fund Lansdowne Partners LLP amid regulatory pressure to prune ownership in risky assets. Citing people familiar with the developments, The Wall Street Journal reports Morgan Stanley bankers have narrowed the list of potential buyers after earlier approaching a larger group to determine their level of interest in a piece of the hedge-fund firm. Morgan Stanley looks to offload 19% stake in Lansdowne According to The Wall Street Journal report, Morgan Stanley is aiming to sell its 19% stake in the $17.5 billion Lansdowne, thereby joining a wave of banks that bought…