Wednesday, April 14, 2010

Ouch!

Morgan Stanley Said to Lose 61% on Real Estate Fund

"Morgan Stanley, which once ran the biggest property-investment arm among Wall Street banks, expects to lose $5.4 billion, or 61 percent, of its $8.8 billion global fund from 2007, said a person familiar with the situation".

Posted by alan @ 10:15 AM (1103 views)
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One thought on “Ouch!

  • “said a person familiar with the situation”

    These Bloomberg guys have great analysts. I also like the “man in the pub” and the “woman I met while walking the dog in the park” – they also have some great stories.

    Reply
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