FRR up 15% in 2009

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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.

The positive performance brings FRR's total assets to €33bn (US$45.3bn) from €27.7bn at the end of 2008, when the fund lost 24.9% of its value (Global Pensions; February 2, 2009). Equities gaine...

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