FRR picks out Wells Fargo mandates for French pensioners

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France’s Fonds de reserve pour les retraites (FRR) has awarded two mandates to Wells Fargo as part of an overall allocation of €1bn to six mandates.

The €36bn pension fund has selected Metropolitan West Capital Management to manage an  active portfolio of US equities with a value approach; and it has selected Heritage Growth to manage an active portfolio of US equities with a growth approach.

Both mandates will be managed as separate accounts for an initial period of four years.




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