Freddie Mac has named Lincoln Capital Management and Fidelity Management Trust Co. to manage an external portfolio consisting primarily of Freddie Mac Gold PCs.

The two join four other managers chosen earlier - BlackRock Financial Management, Goldman Sachs Asset Management, Smith Breeden Associates, and Pacific Investment Management Co.

The Gold PC portfolio consists of mortgage securities held by Freddie Mac but is managed separately from the company's $120 billion of mortgages and short-term investments.

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