08:31 AM EDT, 10/13/2025 (MT Newswires) -- Morgan Stanley's ( MS ) asset management arm has requested a partial withdrawal from Jefferies' (JEF) Point Bonita Capital fund, multiple news media outlets reported Friday, citing a source familiar with the matter.

Point Bonita had significant exposure to bankrupt US auto parts maker First Brands, the reports said.

Reuters said other investors, including BlackRock ( BLK ) and the Texas Treasury Safekeeping Trust, have made partial redemption requests.

Jefferies declined to comment, while Morgan Stanley ( MS ) and BlackRock ( BLK ) did not immediately respond to requests for comment.