Morgan Stanley set to book $5.4 bn property loss

By A staff reporter 2010-04-14T00:00:00

Morgan Stanley has warned investors that its $8.8 bn (EUR 6.5 bn) MSREF VI fund could lose as much as $5.4 bn (EUR 4 bn) after being forced to take writedowns or hand back the keys on a range of investments around the globe including Europe. The news, which was ...

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