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NEW YORK CITY-The Blackstone Group will take over the management of a $2-billion portfolio of Asian real estate investments originally established by Merrill Lynch, the Financial Times reported Monday. Although Blackstone’s deal with Bank of America reportedly calls for it to help unwind the Merrill portfolio and not to acquire any assets from it, the FT says the agreement will help the private equity giant, headquartered at 345 Park Ave., ramp up its Asian presence.

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