French state fund discloses tender details

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FRANCE - Full details of the tender process for the e16 billion Fonds de Reserve pour les Retraites (French state pension reserve fund) have been disclosed, along the same asset allocation lines that IPN reported in May.

A total of 27 mandates have now put out to tender and 12 stand-by managers will also be kept in reserve. Eurozone equity is 38%, non-eurozone equity is 17%, eurozone bonds are 38%, with the remaini...

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