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RBC adds debt specialist to asset management menu

Royal Bank of Canada (RBC) has bought the fixed income debt specialist BlueBay. BlueBay is one of Europe’s largest independent managers of fixed income debt funds and products with US$40bn in assets under management (as on September 30, 2010) on behalf of institutional and high net worth investors in UK, Europe, US, Middle East, Asia and Australasia. The acquisition values…

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