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MSIM cuts options strategy to lowest on record

Reduced positions coincide with declines in fund assets

Morgan-Stanley-NY

Morgan Stanley Investment Management cut its bets on a weakened Chinese renminbi to their lowest level in recent years.

Regulatory filings show MSIM added only $21 million notional in new US dollar/offshore renminbi option positions in the fourth quarter, resulting in a net reduction of $7.9 billion notional on its books at the end of the period. The moves brought the positions closer to their

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