SECOND TEAM

Yazid Sharaiha & team Morgan Stanley

Morgan Stanley’s Yazid Sharaiha steers his team of four to second place; this is the firm’s first appearance in the ranking since 2004. Working closely with four quantitative analysts, the crew is celebrated for a May report about positioning derivatives as part of an asset-allocation strategy. “They put derivatives in a broad, multiasset context, presented with elegant graphics and constantly updated via a remarkable web site,” notes one devotee. The site, called Iris, is prized for presenting recent volatility trends, historical data and tools for comparing securities across different volatility scenarios. “The data is succinct and relevant, and has helped us improve performance,” adds another grateful user.