Morgan Stanley aims to sell stakes in Lansdowne, Avenue

on.wsj.com/1zz3pbS)

The sale of Lansdowne, which has $17.5 billion in assets under management, could be worth several hundred million dollars. UBS AG is advising Lansdowne, according to the report.

J.P. Morgan and Highbridge Capital Management LLC, the hedge fund and private equity firm it owns, are also in discussions about the bank selling part of Highbridge to its management team, but those discussions are “fluid,” according to the report.

(Reporting by Lauren LaCapra, Jessica Toonkel- Editing by Paul Simao and Alan Crosby)