FRR US mandates

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FRANCE - The Fonds de Réserve pour les Retraites (FRR) has awarded US small cap equity mandates, worth a combined €500m ($790.5m) over five years, to BlackRock and Allianz Global Investors.

The largest French pension fund issued tenders for managers in July 2007 following a strategic asset allocation review. The FRR decided to geographically rebalance its equities for "greater dive...

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