Natixis targets alternatives expansion with Darius acquisition
FRANCE - Natixis Global Asset Management (NGAM) has acquired a controlling interest in investment advisory firm Darius Capital Partners.
NGAM said the deal, which follows the acquisition of French-based ETF provider OSSIAM and London-based H2O Asset Management, would help further expand its alternatives range in Europe. Paris-based Darius...
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Alcatel-Lucent funding status drops into the red
FRANCE - Alcatel-Lucent reported a pension and other post employment benefit (OPEB) deficit of €1.2bn ($1.7bn) in the third quarter down from an overfunding of €49m at the end of June.
FRR's funding ratio drops
FRANCE - The Fonds de reserve pour les retraites' funding ratio fell to 132%, dropping 11 percentage points from June's value due to decreasing interest rates on 10-year bonds.
Global SWFs discuss contributions to global growth
FRANCE - Global sovereign wealth funds with over $9trn in assets are meeting to discuss ways to boost global economic growth, including the potential use of new financial instruments like "loyalty shares" or "capital access bonds".
FRR 143% funded
FRANCE - The Fonds de reserve pour les retraites said it is 143% funded, more than enough needed to fund its liabilities through to 2024 as mandated by the government.
Alcatel-Lucent makes €42m contribution to global pension funds
FRANCE - Alcatel-Lucent made a cash contribution of €42m ($60m) to its worldwide pension funds in Q1, the company's quarterly financial statement shows.
