French deposite guarantee scheme awards bond mandates

The Fonds de Garantie des Dépôts et de Résolution (FGDR), a French deposite guarantee scheme, has awarded bond mandates to four asset managers.

AXA IM, Candriam, Edmond de Rothschild AM and La Française AM will manage a €1bn portfolio.

The FGDR said it will give more flexibility to managers awarded in regard to the current environment in the fixed income space.

Total assets available to the French deposite guarantee scheme reach around €3.4bn.

ABOUT THE AUTHOR
Adrien Paredes-Vanheule
Adrien Paredes-Vanheule is French-Speaking Europe Correspondent for InvestmentEurope, covering France, Belgium, Geneva and Monaco. Prior to joining InvestmentEurope, he spent almost five years writing for various publications in Monaco, primarily as a criminal and financial court reporter. Before that, he worked for newspapers and radio stations in France, in particular in Lyon.

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