​ Morgan Stanley Joins List of Advisors Supporting Money Funds Over SIVs. In its latest quarterly earnings release, Morgan Stanley discloses losses related to supporting its money market mutual funds. The company says, "The results for the quarter include losses of approximately $​129 million related to securities issued by structured investment vehicles (​SIV losses) held by Asset Management." Morgan Stanley spokesman Mark Lake tells Crane Data, "We have taken prudent and pre-​emptive steps to provide that investors in our money market funds are not adversely affected by the recent downgrades in Structured Investment Vehicles." The company says that it is comfortable with its current portfolios and that it continues to see steady asset flows. Morgan Stanley joins seven other advisors -- Columbia, Credit Suisse, Evergreen, First American, SEI, STI, and Western -- who have taken steps to back their money market funds and to protect them from the liquidity crisis in the structured investment vehicle market.

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