Morgan Stanley (MS) has reportedly had to return around $700M to investors in its flagship...

|About: Morgan Stanley (MS)|By:, SA News Editor

Morgan Stanley (MS) has reportedly had to return around $700M to investors in its flagship global real-estate fund, and has been forced to cut the fund's fees following lackluster performance. The concessions have persuaded investors to give the fund an extra year, until June 2013, to invest.