FRANCE - The €35bn (US$54.7bn) Fonds de reserve pour le retraite (FRR, France's reserve retirement fund) has placed four mandates out to tender.
The Japanese equities mandate would be run as a total market, active strategy worth up to €900m. FRR said up to three managers may be appointed for this activity.
The €600m Asia-Pacific (ex Japan) equities strategy would be run as a passive mandate for on a single manager basis.
The US equities mandates would be split into two separate active management lots, each worth €800m. The mandates will focus on large and mid cap growth and value strategies respectively.
The FRR said interested parties should submit tenders by 12 noon (Paris time) 27 August.
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