31.10.2008 - Morgan Stanley blocks exits on German property fund
From Reuters: Morgan Stanley Real Estate Investment GmbH has become the latest manager to suspend redemptions from a German open-ended property fund amid a sharp slide in investor sentiment, the company announced on Thursday. The Frankfurt-based branch of Morgan Stanley's $96.3 billion global real estate management business said it had temporarily barred investor exits from its P2 Value Fund, after a flurry of "major, unanticipated withdrawals.".... Full Article: Source