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 read more

La Liga: Real Madrid beat Barcelona 2-0 in El Clasico

first_imgReal Madrid beat Barcelona in a captivating El Clasico to move above their rivals at the top of La Liga.Vinicius Junior drove in via a deflection in a second half packed with chances after Isco saw a shot saved and an effort cleared off the goalline.Karim Benzema volleyed over for Real and substitute Martin Braithwaite went close for Barca moments before Vinicius sparked celebrations at the Bernabeu.Substitute Mariano struck in added time as Real moved a point clear of Barca.Mariano had not played a single minute in La Liga for Zinedine Zidane’s side this season until being brought off the bench in injury time to seal a memorable win.Los Blancos finished third last season – 19 points behind champions Barca – but the tight nature of the title race this time around placed added significance on the fixture in the Spanish capital.Zidane had said his side were in a “delicate moment” as a result of picking up one point from their last two league matches and having suffered a home defeat to Manchester City in the Champions League in midweek.And Real’s task looked ominous given they had not beaten Barca in the league in their last seven attempts.Quique Setien’s side also arrived having won four league games in a row at the Bernabeu but they will rue missed opportunities in the first half.Antoine Griezmann fired over from a Jordi Alba cut-back, Arthur was denied by Thibaut Courtois after breaking through on goal and the Madrid keeper parried a Messi effort when the Barca talisman broke the offside trap.Going into the break, Courtois had saved 30 of the last 36 shots he had faced in La Liga and his interventions were built upon as Zidane’s side carried more threat in the second period.Isco curled an effort at the top corner to force a fine save from Marc-Andre ter Stegen before heading low past the keeper, only for Pique to intervene.Karim Benzema could not end a five-game goal drought when he volleyed over when unmarked before former Middlesbrough forward Martin Braithwaite had a chance to win it, only for his shot to be saved.Vinicius then pounced, firing in from a narrow angle, the 19-year-old Brazilian becoming the youngest scorer in a league game between the sides this century as he surpassed Lionel Messi’s record set in 2007.His side never looked back and Mariano put the finishing touches on a win which gives them real hope of landing a first league title since 2016-17. Source: BBClast_img read more

Ex-Arsenal starlet ‘rejected offers from Spurs and Man City’ after leaving Gunners

first_img Man United joined by three other clubs in race for Erling Haaland Kevin De Bruyne ‘loves Man City and wants to keep winning’, reveals father Arsenal transfer news LIVE: Ndidi bid, targets named, Ozil is ‘skiving little git’ IN DEMAND Chelsea confident of beating Man United and Liverpool to Sancho signing targets TOP WORK LATEST targets 2 Rated highly in both the Arsenal and England systems, Willock found himself the target of many clubs when he announced his desire to leave the Gunners last summer.Benfica may have won the race for the 20-year-old, but A Bola now report that Tottenham and Manchester City also made offers for Willock – which the player himself rejected.There was further interest in Willock throughout the recent transfer window, with Watford, Huddersfield and Bournemouth hoping to bring him back to the Premier League. Where every Premier League club needs to strengthen in January The biggest market value losers in 2019, including Bale and ex-Liverpool star Tony Cascarino backs Everton to sign two strikers for Carlo Ancelotti three-way race Willock has yet to debut for Benfica’s first-team LIVING THE DREAM However, the report states the forward rejected the chance to leave Benfica as he is determined to break into the first-team.Despite his lack of game time last season, talkSPORT have been told Willock remains a key part of Benfica manager Rui Vitoria’s plans moving forward. However, after making just one more appearance in 2016/17, Willock decided to leave Arsenal to further his career.He penned a five-year contract with Benfica of Portugal, joining the increasing ranks of English youngsters moving abroad, though since his move to the continent Willock has only represented Benfica’s B team. moving on 2 Top nine Premier League free transfers of the decade Liverpool’s signings under Michael Edwards – will Minamino be the next big hit? Willock totalled just two appearances for Arsenal before leaving last summer Latest transfer news Chris Willock decided to leave Arsenal last summer after spending the majority of his life with the Gunners.The forward first joined the north London outfit as a five-year old, and he appeared to have a bright future after making his first-team debut as a teenager in September 2016. RANKED REVEALED Cavani ‘agrees’ to join new club and will complete free transfer next summer last_img read more