FRR up 2.6% in Q1

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FRANCE - The Fonds de Réserve pour les Retraites (FRR) gained 2.6% during the first quarter, according to estimated and unaudited data supplied by the fund.

Its net annualised performance since its inception in June 2004 was 3.1%. FRR's assets under management grew to €34.5bn (US$44.8bn) from €26bn a year earlier. In a statement, FRR said: "The firs...

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