We investigate structure and dynamics of concentration fluctuations in the binary glass former methyl-tetrahydrofuran and oligomeric methyl metacrylate by photon correlation spectroscopy with partially coherent x-rays from a synchrotron source. Although the system is macroscopically well miscible and optically clear in the full temperature range, calorimetric and dielectric measurements reveal two distinct glass transition temperatures. The relaxation of long range concentration fluctuations turns out to be diffusive and exponential only well above the upper glass transition temperature. As the characteristic time tau(cf) for concentration fluctuations shows a much weaker temperature dependence than the alpha-relaxation both traces finally intersect upon lowering the temperature. Thus, close to T(g), the concentration fluctuations show pronounced features of out-of-equilibrium dynamics such as compressed relaxation functions and a crossover to a ballistic wave vector dependence of tau(cf), like previously observed in various soft matter systems. Moreover, the analysis of time-resolved correlation functions reveals that the relaxation of concentration fluctuations around T(g) involves pronounced dynamic heterogeneities.