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Morgan Stanley officials are in advanced talks with a Middle Eastern sovereign-wealth fund, the Qatar Investment Authority, about an investment in the bank's commodities unit, say several people familiar with the matter, and a deal could be imminent.
Such a sake could give the Qatari fund a toehold in the robust global business of trading paper and physical stocks of commodities like crude oil, natural gas, and metals , while at the same time providing an influx of capital for Morgan Stanley.
Talks between the two entities have in recent days centered on the notion of the QIA purchasing a minority stake in Morgan’s commodities business, according to one of the people familiar with the matter. One current concern, according to another person familiar with the matter: making sure that the most talented traders in the division are contractually obligated to stay on board.
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