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Morgan Stanley goofs Brookfield

Started by Joelle, July 26, 2008, 12:41:54 AM

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Joelle

Morgan Stanley goofs Brookfield
      


Morgan Stanley’s money managers, entrusted with navigating the world’s financial markets with all kinds of sophisticated strategies, evidently have a little problem with long division.
On Thursday the big Wall Street bank announced that its investment management division snapped up a bigger stake in Brookfield Infrastructure Partners (BIP) than intended. Nearly twice as much.
Morgan received shares of [...]
         

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