Asset management

Morgan Stanley buys Eaton Vance, as it expands into asset management. Former Sun Capital executives form new PE firm that will invest in struggling businesses. L Catterton backs NordicTrack maker.

Morgan Stanley's latest acquisition will bulk up the firm’s asset-management arm, which has lagged behind that of rival Goldman Sachs.

Asset manager Blueprint Capital Advisors sued New Jersey’s Division of Investment and BlackRock Inc., claiming they stole confidential business information and discriminated against the Black-owned firm.

While small deals are likely, CEO James Gorman said he’d be reluctant to take on a large-scale acquisition

Blackstone’s $26 billion fund marked the largest buyout fund ever raised, as appetite for the asset class grew