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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment, Market

Dumping Morgan Stanley

Posted on 12 August 2010

From Theasset.com: China Investment Corp (CIC) stands to lose an awful lot of money in Morgan Stanley – a first investment it will never forget. That’s unless China’s sovereign wealth fund can somehow get rid of its remaining shares in the blue chip US investment bank before a deadline on its equity units being converted into shares is triggered.
CIC has been trying to do exactly that over the last few weeks, conducting a steady, one-way campaign of selling Morgan Stanley stock in the secondary market……………………………………….Full Article: Source

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