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.

 

 

 

ABOUT THE AUTHOR
Jonathan Boyd
Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope. Jonathan has over two decades of media experience in Japan, Australia, Canada and the UK. Over the past 16 years he has been based in London writing about funds and investments . From editing the newsletter of the Swedish Chamber of Commerce in Japan in the 1990s he now focuses on Nordic markets for InvestmentEurope.

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