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Article: Morgan Stanley Restructures Investment Management Unit to Focus on Institutional Client Base.
- Article from:
- Investment Weekly News
- Article date:
- November 7, 2009
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Fifth graph, fourth sentence should read: The restructured MSIM would have approximately $267 billion in assets under management on a pro-forma basis as of September 30, 2009 (sted The restructured MSIM would have approximately $267 billion in assets under management on a pro-forma basis as of June 30, 2009).
The corrected release reads: MORGAN STANLEY RESTRUCTURES INVESTMENT MANAGEMENT UNIT TO FOCUS ON INSTITUTIONAL CLIENT BASE Will Sell Retail Asset Management Business, Including Van Kampen Investments, to Invesco and Maintain Minority Stake in Combined Firm Long-Only Institutional Business to be Led by Its Portfolio Managers and Dedicated to Fundamental ...