FRR declines by 25%

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FRANCE - The Fonds de reserve pour les retraites (FRR) has reported a 24.8% decline in its performance during 2008.

The fund said on 31 December 2008, the assets of the FRR were valued at €27.7bn (US$35.3bn). It added the annualized performance of the FRR since inception (June 2004) remained slightly positiv...

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