FRR in US small cap hunt

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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).

Following a strategic review of asset allocations in May 2006, the pension reserve fund decided to geographically rebalance its equities holdings for “greater diversification”, according to a spoke...

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