New French fund to outsource FFR50bn

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In a move similar to Ireland's National Pensions Reserve Fund (NPRF), the French government is creating a FFR50bn (EUR7.6bn) reserve fund - all of which will be outsourced at the end of the year.

According to the Ministry of Employment and Solidarity in Paris final approval for Le Fond de Reserves pour les Retraites from the Assemblee Nationale is expected by the end of June. Financial o...

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