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US Financial Shrs Subtract as M Stanley Limits Private Credit Redemptions
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Morgan Stanley (MS.US) has restricted investors from withdrawing funds from one of its private credit funds, sending its stock price tumbling, Bloomberg reported. Cliffwater LLC also imposed similar restrictions, as the amount investors were attempting to redeem far exceeded the stipulated level. According to the report, recent market concerns about the quality of loans in private equity funds have intensified, especially those involving loans to software companies threatened by AI technology. Although most funds previously attempted to meet investors' withdrawal demands, BlackRock (BLK.US) decided to limit redemptions last week, followed by other asset management companies. Morgan Stanley's stock price slumped by over 4% last night, closing at USD155, the lowest since October 2025. BlackRock, Apollo Global Management (APO.US), KKR & Co (KKR.US), and Ares Management (ARES.US) also plunged by 3-6.7%. AAStocks Financial News |
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