France’s FRR awards €1.7bn domestic, European small cap mandates

first_imgThe public fund is in the middle of the selection process for US small cap mandates, and in the early stage of the selection process for Japanese equity mandates.In February FRR announced it had lost 5.2% in 2018, its first investment loss in eight years. The stock market fall in the last two months of the year had dramatically affected its performance, it said.Further readingWhy FRR doesn’t invest in green bonds – for nowOlivier Rousseau, executive director of FRR, explains the French pension reserve fund’s approach to green bonds France’s FRR addresses Brexit concerns in manager searchThe €36bn fund took steps to remove Brexit-related uncertainty from having an adverse effect on the small cap manager search FRR’s headquarters in Paris France’s €32.6bn Fonds de réserves pour la retraite (FRR) has chosen the managers it wants to run an indicative €1.7bn in French and European small cap equity strategies.JP Morgan Asset Management, AXA Investment Managers, BNP Paribas Asset Management and Fil Gestion have landed European small cap mandates, to which the pension reserve fund previously indicated plans to allocate up to €1.1bn.  HSBC Global Asset Management, Amiral Gestion, Sycomore Asset Management, and BFT Investment Managers have been chosen to run up to €600m in domestic small cap investments.The tender was launched in April last year, with FRR saying it would pay particular attention to how managers integrated environmental, social and corporate governance (ESG) issues in their processes. It has tightened its ESG focus for all manager searches.  last_img

Leave a Reply

Your email address will not be published. Required fields are marked *