🔴 MS Is Down 3.2% Amid Concerns Over Private Credit Fund Liquidity

MS is trading 3.2% down at $214.03 today as investors react to concerns over liquidity in its alternative asset business.

• Morgan Stanley's $7 billion private credit fund has capped withdrawals at 5% after redemption requests hit 11.6% of outstanding shares.
• This news overshadows the recently announced dividend increase and $20 billion share buyback program, which are generally viewed favorably.
• Reports also highlight broader concerns about the loosely regulated private credit market, especially following Morgan Stanley's past involvement with Market Financial Solutions Ltd. and its collapse.