NEW YORK CITY-Morgan Stanley is looking at options to scale downits realty investment business. Msref is the bank's family of fundsdealing with real estate. The firm could either scale back itscapital in these funds or sell them off. Also with the passage ofthe financial-services legislation, the bank will have to reduceits real estate investment.

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The bank's real estate portfolio is worth about $46 billion. Anumber of private-equity firms are keen on buying these funds.For the full story, go to Wall Street Journal.

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