FRR re-tenders e16bn Goldman brief

clock

FRANCE - The FRR (Fonds de Réserve pour les Retraites, French Pensions Reserve Fund) has re-tendered a transition broker mandate currently held by Goldman Sachs at a transaction volume of e16bn.

The fund said the selection process had been re-initiated to handle the increase in volume beyond this threshold, which is expected to materialise in the months to come. The restricted RFP proce...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on France

Alcatel-Lucent funding status drops into the red

FRANCE - Alcatel-Lucent reported a pension and other post employment benefit (OPEB) deficit of €1.2bn ($1.7bn) in the third quarter down from an overfunding of €49m at the end of June.

clock 04 November 2011 •

FRR's funding ratio drops

FRANCE - The Fonds de reserve pour les retraites' funding ratio fell to 132%, dropping 11 percentage points from June's value due to decreasing interest rates on 10-year bonds.

clock 21 October 2011 •

Global SWFs discuss contributions to global growth

FRANCE - Global sovereign wealth funds with over $9trn in assets are meeting to discuss ways to boost global economic growth, including the potential use of new financial instruments like "loyalty shares" or "capital access bonds".

clock 18 October 2011 •
Trustpilot