France

FRANCE - BNP Paribas confirmed it would resume calculating the net asset value (NAV) of the three funds it froze over two weeks ago in addition to allowing subscriptions and redemptions at the end of August.

FRANCE - The Fonds de Réserve pour les Retraites (FRR) has appointed Nicolas Sobczak, a former executive director at Goldman Sachs, as CIO following the departure of Jean-Louis Nakamura.

FRANCE - The new CEO of the Etablissement de Retraite Additionnnelle de la Fonction Publique (ERAFP) has said the fund intends to boost its internal manager expertise.

FRANCE - Jean-Louis Nakamura, CIO of the Fonds de Reserve pour les Retraites (FRR), has left to join the Etablissement de Retraite Additionnnelle de la Fonction Publique (ERAFP) as CEO.

FRANCE - The €31.3bn Fonds de réserve pour les retraites (FRR) has awarded five passive management mandates worth €500m to a group asset managers. The mandates have been awarded for a period of three years, and may be extended to four years.

FRANCE - The €31.3bn Fonds de Reserve pour les Retraites (FRR) has launched a search for two managers covering active US small cap equity portfolios, which are each worth €250m (US$344.4m).

FRANCE - The €31.3bn Fonds de Reserve pour les Retraites (FRR) is looking for two managers for passive French equity management mandates totaling €500m.

FRANCE - Barclays Global Investors (BGI), is to open a Paris office, following authorisation from the AMF.

FRANCE - The €31.3bn Fonds de Reserve pour les Retraites (FRR) has launched a search for a new currency manger.

CHINA - Société Général Asset Management (SGAM) has increased its share in Chinese Fortune SGAM to the highest local permissible limit.