FRANCE - Investment returns at the Fonds de Réserve pour les Retraites (FRR) are up 15% for 2009 on the back of the strong rebound in the equity markets.
FRANCE - The Fonds de Réserve pour les Retraites (FRR) has selected Goldman Sachs International and Russell Implementation Services as transition managers.
FRANCE - France's reserve fund the Fonds de Réserve (FRR) pour les Retraites has terminated Dexia Asset Management from a socially responsible investment (SRI) mandate due to poor performance.
FRANCE - The Fonds de Réserve pour les Retraites has hired five managers to run a total of around €1.5bn (US$2.1bn) in fixed income mandates.
FRANCE - The Fonds de Réserve pour les Retraites has hired six managers to run a combined €1bn (US$1.5bn) in investment grade credit dominated in euros.