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Ascent/Meredith to Open ABS to Rich

Investment management company Ascent/Meredith Asset Management Inc. will soon open its fixed income portfolio to asset-backed securities, providing investment for a market that has yet to be tapped by most ABS portfolio managers: the super rich.

Ascent/Meredith will be purchasing asset-backeds through its subsidiary Ascent/Meredith Portfolio Management Inc., a...

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