They were willing to give ‘em a chance, but no more.:
From CNBC: Morgan Stanley Wealth Management has become the second major
brokerage to drop hedge fund manager John Paulson’s Advantage and Advantage
Plus Funds from their retail offerings, CNBC has learned. The move was not
expected. Back in May, put the funds on “watch” because of their poor
performance. In an email sent to the unit’s financial advisers on Tuesday, it
changed the status of the funds to “redeem” from “watch,” telling clients they
should redeem their holdings in the funds. Morgan Stanley cited the poor performance
of the funds as the reason behind its decision… The source said other Paulson
funds continue to be offered by Morgan Stanley Wealth Management…
Read all about it at http://m.cnbc.com/us_news/100328859?refresh=true
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