Morgan Stanley lured a pair of investment professionals away from New York Life in order to beef up its value stockpicking team. The two new hires are Kathy O'Connor and Jeff Sanders, according to media reports.

Bloomberg News reported that the pair of stock pickers made the move to Morgan Stanley after obtaining an internal memo from the firm. The two managers have worked together since 1988 and managed more than $3 billion for NYLIM. 

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