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Microsoft has $15 billion invested with manager | |
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| Time: 13:09 EST/18:09 GMT | News Source: Seattle Times | Posted By: Robert Stein | ||
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Microsoft now invests about a third of its $45 billion of cash through outside advisers, after it began to move away from in-house money management three years ago. Microsoft gave a few million dollars in 2000 to Deutsche Bank to invest in a portfolio of stocks mimicking the S&P 500 index, said Treasurer Brent Callinicos. The company now invests about $15 billion with Deutsche Bank, Black Rock, Goldman Sachs Group and other managers. It's also buying foreign-government bonds. | ||
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