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January 09, 2019  

Brown Brothers Forms Credit Fund

Brown Brothers Harriman launched a credit-focused hedge fund this month — a new direction for an investment bank that until now has mainly run mutual funds and separate accounts.The Cayman Islands-domiciled vehicle, BBH-NG Structured Fixed Income Fund, began trading with about $7 million. Brown Brothers already manages portfolios of asset-backed securities and commercial mortgage bonds for its fixed-income clients. It’s unclear why it...

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