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...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...Among the early bidders are a Chinese sports entrepreneur, Kenneth Huang, who claims to have the backing of his government; and the Kuwait-based al-Kharafi family.Related link: Liverpool FC auction draws...
...“I think the bigger holders now of securitisations are insurance companies and pension funds.”...
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