Prime time at Morgan Stanley's hedge-fund debutantes ball

"In the summer of a young lady's 16th year, her thoughts turn to balls." û Jane Austen.Morgan Stanley's hedge-fund ball is back and celebrating its fourth birthday in Shanghai. This capital-introduction event takes place at the Shangri-La hotel through until Thursday. These balls have grown threefold in size since the firm began organising them in 2003.This year 235 investors who manage $1.2 trillion are being ushered into Shanghai to feel the fetlocks of 68 hedge-fund managers who ar…