Morgan Stanley aims to sell stakes in Lansdowne, Avenue

(Reuters) - Morgan Stanley is looking to sell its stake in both London-based Lansdowne Partners LLP and New York-based Avenue Capital Group, a source told Reuters on Sunday. Last February, speaking at the Credit Suisse Financials Conference, Greg Fleming, president of Morgan Stanley Investment Management, said the firm was winding down its investments in hedge funds and that it was not part of Morgan Stanley's long term strategy. Morgan Stanley's bankers have narrowed down a list of po