Several big-name mutual funds run by Morgan Stanley, Fidelity, T. Rowe Price and others may face...

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

Several big-name mutual funds run by Morgan Stanley, Fidelity, T. Rowe Price and others may face paper losses of ~30% on investments they made in Zynga earlier this year. Funds run by Morgan Stanley (MS), for example, invested $75M in Zynga preferred shares in February at ~$14/share; Zynga expects to price its IPO in the $8.50-$10 range.