Fixed on Success

Drake Management co-founders Anthony Faillace and Steven Luttrell are trying to trun bond investing on its head.

In October 2000, Anthony Faillace, then a senior portfolio manager specializing in international markets for BlackRock, the New Yorkbased fixed-income powerhouse, spied an investment opportunity in Poland. Although inflation had begun to ebb there, the country’s stagnant wages and high unemployment were undermining the government’s efforts to engineer a quick economic turnaround.

To continue reading, subscribe now to Premium Journalism. Already a subscriber? login.