FRR returns -2.3%

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FRANCE - The total assets of the French Pensions Reserve Fund, Fonds De Reserve Pour Les Retraites (FRR) registered a return of -2.3% in the second quarter of 2006.

In spite of the “strong and sudden” downward correction in the equity markets from May, the FRR said its equity mandates progressed overall. They outperformed their FTSE GEIS benchmark and, over...

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