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European Fund Administration has won a new mandate to administer the Luxembourg Microfinance and Development Fund (LMDF). EFA already administers eight microfinance sub-funds with assets of over EUR40m. The chairman of LMDF said: "Thanks to the dedication of its specialised teams, EFA significantly contributed to the structuring of the fund. EFA also developed tailor-made solutions integrated in their workflows and systems to meet our specific requirements."
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