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Article: PPIP list holds a few surprises; But all of the firms are successful at raising investor assets.(NEWS)
- Article from:
- Pensions & Investments
- Article date:
- July 13, 2009
CopyrightCOPYRIGHT 2009 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Pia Sarkar
WINNING: Andrew Rabinowitz said Marathon's reputation helped it qualify for the Treasury program.
No-brainers and surprises were among the Treasury Department's list of nine money managers plus their partners and subadvisers picked for the Private-Public Investment Program, consultants said.
BlackRock Inc. falls into the first category, while for some sources, Oaktree Capital Management LP, Marathon Asset Management LP and Angelo, Gordon & Co. LP fit into the second.
Through PPIP, the government is enlisting money managers, as well as 10 minority and women-owned businesses to serve as partners, to help banks sell ...