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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

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