France

GLOBAL - Lane Clark & Peacock LLP (LCP) has partnered with Spanish consultant Novaster, in a bid to expand its reach in Spain and Latin America.

FRANCE - The Fonds de Réserve pour les Retraites (FRR) has hired six firms to run a combined €4bn (US$5.9bn) in inflation-linked bond mandates.

FRANCE - Investment returns at the Fonds de Réserve pour les Retraites (FRR) are up 12.8% since the start of the year helping to bring its total assets to €31.9bn (US$47.2bn), the pension fund said.

FRANCE - Fonds de Réserve pour les Retraites (FRR) has created an investment strategy committee that will help design, implement and monitor the scheme's asset allocation.

GLOBAL - The average assets to gross domestic product ratio for OECD pension funds dropped from 75.5% of GDP in 2007 to 63.4% in 2008, according to the Organisation for Economic Co-operation and Development.

FRANCE - The French pension fund manager Fonds de Réserve pour les Retraites (FRR) has hired Crédit Agricole Asset Management (CAAM) to run various asset classes when needed.

FRANCE - Jean-Pierre Mustier, a 22-year veteran at Société Générale (SocGen), and head of the firm's asset management and private banking arms, has resigned amid allegations of insider trading.

FRANCE - The Fonds de Réserve pour les Retraites (FRR) posted a decline of its cumulative performance of 6.5% for the first quarter of 2009.

FRANCE - The French pension fund Fonds de Réserve pour les Retraites (FRR) is searching for managers to run global exposures mandates spanning various asset classes.

FRANCE- The Fonds de réserve pour les retraites (FRR) has doled out €1.1bn (US$1.5bn) in equity mandates to seven managers, though the appointments are a scaled-down version of what the scheme had proposed last year.