Having so far failed to set European investment management alight, Morgan Stanley’s asset-management business is making a new push in the institutional market.
Morgan Stanley Dean Witter Investment Management has some $180 billion of institutional business under management globally but the vast majority of those funds come from US clients.
“I think it’s fair to say they haven’t made the splash in this market that they might have expected or hoped by this point,” says one investment consultant in London.
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