Russell Investments is seeking to launch a multi-manager global income fund, Financial Times reports. The Seattle-based asset management firm will set up an income generating fund with a global portfolio and a 4% return target. Volatility will be controlled by the fund through a broad range of U.K. and foreign income generating assets, including equities, investment-grade bonds, high-yield and emerging market debt, real estate and infrastructure. Currency hedging will help decrease volatility.

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