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.




Jonathan Boyd
Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope.
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