Morgan Stanley snatches investment strategy star from Bernstein

Morgan Stanley snatches investment strategy star from Bernstein
Morgan Stanley said it hired Adam Parker from Sanford C. Bernstein & Co. as U.S. equity strategist.
JUN 09, 2010
Morgan Stanley said it hired Adam Parker from Sanford C. Bernstein & Co. as U.S. equity strategist. He will join the New York-based company on Sept. 9, according to an internal memo confirmed by Sandra Hernandez, a spokeswoman. Parker spent more than 10 years at Bernstein, an investment research firm owned by AllianceBernstein LP, the New York-based manager of $466 billion. Most recently he was chief investment strategist and director of quantitative research, according to the memo. He was a runner-up in both categories in Institutional Investor's 2009 survey. Previous roles included global director of research and senior semiconductor analyst. Stephen Penwell, head of North America equity research, will oversee Parker, who will make the firm's forecasts for the Standard & Poor's 500 Index. Jason Todd, a global equity strategist, has had that responsibility since the January 2009 departure of Abhijit Chakrabortti, who was U.S. equity strategist. Parker, who didn't immediately return a phone call to his office at Bernstein, earned a doctorate in statistics from Boston University, a master's degree in biostatistics from the University of North Carolina and bachelor's degree in statistics from the University of Michigan, according to the memo.

Latest News

SEC and state regulators tighten grip on fraud in fiscal 2026
SEC and state regulators tighten grip on fraud in fiscal 2026

Broker-dealer enforcement actions surged 66% as the SEC and state regulators cracked down on Ponzi schemes and digital asset fraud.

Marsh acquires Wilshire to deepen wealth advisor reach
Marsh acquires Wilshire to deepen wealth advisor reach

The deal adds $221 billion in AUM and bolsters Marsh's alternatives and model portfolio capabilities for advisors.

Gen X retirement savings facing ‘collision of financial pressures’ from family obligations
Gen X retirement savings facing ‘collision of financial pressures’ from family obligations

New Jackson research finds multi-generational financial obligations are leaving pre-retirees dangerously off track.

When the sunset deal dims the value
When the sunset deal dims the value

Sanctuary Wealth’s Vince Fertitta examines what wirehouse advisors may leave behind when a career ends in deferred compensation rather than a sale

Osaic CEO Jamie Price sees W-2 channel growing to a third of assets
Osaic CEO Jamie Price sees W-2 channel growing to a third of assets

Osaic's Empowered Independence reached roughly $20 billion in a year and a half as succession pressure pushes advisors toward becoming W-2 employees

SPONSORED Best Practices for Engaging Women Around Alternatives

Growing wealth, evolving priorities, and untapped opportunities are reshaping how women approach long-term investing.

SPONSORED Built on insurance experience to deliver on long-term promises

Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.