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UK Fund Manager Wins $2bn FX Mandate From Alaska Fund

(Reuters) London-based currency manager Adrian Lee & Partners said on Tuesday the Alaska Permanent Fund Corporation had awarded it a mandate to manage $2 billion of international foreign exchange exposure. The Alaska Fund, which manages roughly $62 billion in assets, posted a return of 2.05 percent as of Aug. 31, outperforming a target return 1.04 percent for the same period, according to its website.

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