FRANCE - The French pension fund Fonds de Réserve pour les Retraites (FRR) is searching for managers to run global exposures mandates spanning various asset classes.
FRANCE- The Fonds de réserve pour les retraites (FRR) has doled out €1.1bn (US$1.5bn) in equity mandates to seven managers, though the appointments are a scaled-down version of what the scheme had proposed last year.
FRANCE/BELGIUM - BNP Paribas has come a step closer to acquiring Fortis Holdings after it reached a deal with the Belgian government that would see it buy Fortis in a cash and shares deal.
FRANCE - BNP Paribas has become the latest financial institution to scale back its pension team.
FRANCE - BNP Paribas has backtracked on a statement made Wednesday by Michel Anastassiades, global chief executive of subsidiary FundQuest, about the state of negotiations over the Fortis acquisition.
FRANCE- BNP Paribas believes Fortis shareholders who blocked its acquisition of the troubled bank have changed their stance and BNP will be able to successfully negotiate a deal by the March 6 deadline.
FRANCE- BNP Paribas Investment Partners (BNPP IP) has added two deputy chief executives to its top management line-up.
FRANCE - The Fonds de reserve pour les retraites (FRR) has reported a 24.8% decline in its performance during 2008.
FRANCE - The Fonds de Réserve pour les Retraite (FRR), France's pension reserve fund, has awarded a €1bn (US$1.3bn) European equity mandate to Barclays Global Investors (BGI).
FRANCE - State pension fund Fonds de Réserve pour les Retraites (FRR) has selected EIRIS to provide extra-financial risk analysis services for its €34bn (US$54bn) global equity portfolio.
FRANCE - More than half of French workers doubt they will have an adequate pension, according to research by French national pension fund Caisse nationale d'assurance-vieillesse (CNAV).
FRANCE - National pension fund Caisse des Dépôts et Consignations (CDC) has been authorised to act as a sovereign wealth fund-like (SWF) vehicle to protect strategic French assets from predatory foreign investors.
FRANCE - A controversial amendment to the social security laws may allow employees to continue working until the age of 70.
FRANCE - A third of French people fear they will not be able to retire before the age of 65, while over half believe they will have to work into their retirement, according to a survey conducted by HR firm Kelly Services.
FRANCE - Crédit Agricole Structured Asset Management (CASAM) has announced the launch of 10 exchange traded funds (ETFs).
FRANCE - The Caisse des Dépôts et Consignations (CDC), the institution the Sarkozy government plans to transform into a French sovereign wealth fund, has expressed doubts about its own size and ability to compete on a global scale.
FRANCE - The effectiveness of France's controversial 2003 'Fillon reforms' has been questioned by the Caisse nationale d'assurance vieillesse (CNAV), the general public sector social security retirement system.
FRANCE - ERAFP, the French public service additional scheme, has announced it is to tender €1.2bn (US$1.88bn) of international equities and investment grade Euro denominated bonds over the next three years.
FRANCE - The European Commission (EC) has launched an investigation into the way France Télécom's pension scheme for state employees was financed following its privatisation in 1997.
FRANCE - The €35bn (US$53.7bn) Fonds de reserve pour les retraites (FRR), France's reserve retirement fund, has announced it has dropped two mandates due to "poor financial performance".
FRANCE - The French Pension Reserve Fund has announced it is to review all of its investment activities to take into account social and ethical considerations.
FRANCE - Buck Consultants announced that French benefit consultancy, SPAC Actuaires, has joined its global network.
FRANCE - The Fonds de Réserve pour les Retraites (FRR) has awarded US small cap equity mandates, worth a combined €500m ($790.5m) over five years, to BlackRock and Allianz Global Investors.
FRANCE - Almost two million people have signed up for the common retirement savings plan Plan d'épargne retraite populaire (PERP), according to the latest figures released by the French government.