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Fixed on Success
Drake Management co-founders Anthony Faillace and Steven Luttrell are trying to turn bond investing on its head by using hedge funds to break into the traditional asset management business.
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
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