MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, November 12, 2008 Morgan Stanley to Cut 9 Percent of Asset Management Jobs Morgan Stanley plans to cut nine percent of its asset management staff globally, Dow Jones reported. It was unclear how the reduction might affect Morgan Stanley Investment Management and Van Kampen Investments. The report did not mention when the cuts will take place. Performance in the asset management unit has been "mixed," Dow Jones quoted Morgan Stanley co-president James Gorman as saying. The company plans to institute "greater expense discipline," Gorman added. Printed from: MFWire.com/story.asp?s=19883 Copyright 2008, InvestmentWires, Inc. All Rights Reserved |