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Lehman Ark Management Taps FMC's Bureau Service For International Startup

PORTFOLIO SYSTEMS

Lehman Ark Management Inc. has entered the international money management business with help from Financial Models Co., the Toronto-based service bureau that dominates Canada's portfolio management market. Lehman Ark's plunge into international money management illustrates the growing tendency among money managers to expand into global securities, and the success vendors with sophisticated multicurrency capabilities are having in riding the trend.

Lehman Ark is a privately held investment

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