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Fixed income money manager attracts NAB

National Australia Bank overnight announced the acquisition of another minority stake in an investment management businesses through nabInvest. The latest is in fixed income manager Peridiem Global Investors, based in Los Angeles.The principals of Peridiem founded the firm only in March 2011. They worked together at Nuveen Asset Management and other money managers over the past 10 years.Peridiem is the thirteenth investment for nabInvest, a business established in 2007 as a a funds management "incubator".

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