FRR achieves 15.7% since inception

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FRANCE - The French reserve fund FRR (Fonds de Réserve pour les Retraites) has revealed a performance of 12.5% net of fees from its total asset allocation during 2005, and 15.7% since the fund was established in April 2003.

In a statement the FRR said it had been able to take advantage of the “excellent conditions that prevailed in the European equity markets.” Results for 2005 also show the fund remains heavily in...

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