FRR loses 6.5%

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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.

FRR said the loss reflects the low point reached by the equity markets earlier in the year before the March rebound. It added the weight of equities in its portfolio has gone from 49% to 47.7%...

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