原文：The move represents a step-change for Morgan Stanley，which has so far focused on Asian institutional fund management and alternative investments such as property, private equity and hedge funds.
译文：此举标志着摩根士丹利迈出了一步，迄今为止，一直专注于亚洲机构基金管理以及房地产、私人股本和对

原文：The move represents a step-change for Morgan Stanley，which has so far focused on Asian institutional fund management and alternative investments such as property, private equity and hedge funds.
译文：此举标志着摩根士丹利迈出了一步，迄今为止，一直专注于亚洲机构基金管理以及房地产、私人股本和对冲基金等另类投资。

修改：此举意味着摩根·士丹利调整了进军亚洲市场的步伐。到目前为止，这家美国投资银行一直将重点放在亚洲的机构基金管理及地产、私人股本和对冲基金等多渠道的投资业务上。