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LOS ANGELES-Locally based Lowe Enterprises Investors and New York City’s Guardian Life Insurance Co. have formed a venture in which Guardian has allocated $200 million to expand Lowe’s investment activities by investing alongside clients and partners of LEI, which is the investment management subsidiary of Lowe Enterprises. Guardian will acquire a substantial but non-controlling interest in LEI, which will continue to be managed on a day-to-day basis by Brad Howe and Bleecker Seaman, both with the title of co-CEO.

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