FRR awards mandates worth €500m

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FRANCE - The €31.3bn Fonds de réserve pour les retraites (FRR) has awarded five passive management mandates worth €500m to a group asset managers. The mandates have been awarded for a period of three years, and may be extended to four years.

It meant North American (US and Canada) large and mid cap contracts were awarded to BlackRock Asset Management and Vanguard Investments Europe SA. Barclays Global Investors was also appointed as a ...

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