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 broken today by the Wall Street Journal, is based on fund documents reviewed by the paper.
Ares, Coima and MEAG are three investors which have closed multiple acquisitions in the last few weeks.
