FRR drops two mandates

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FRANCE - The €35bn (US$53.7bn) Fonds de reserve pour les retraites (FRR), France's reserve retirement fund, has announced it has dropped two mandates due to "poor financial performance".

The two mandates, a small and mid-cap Eurozone equities allocation managed by Credit Agricole Asset Management (CAAM) and a large cap Eurozone equities mandate run by Capital International both und...

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