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Annaly Capital CEO Michael A.J. Farrell dies

Michael A.J. Farrell, who built Annaly Capital Management Inc. into the world's largest mortgage real estate investment trust, has died after being diagnosed with cancer earlier this year. He was 61.

His death was confirmed in a statement by the New York-based company, which didn't provide additional details.

Farrell, who graduated high school at 16 with plans to become a commercial...

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