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.
Turn on TV news market reports, flick to the financial commentary in the business pages, and more often than not those holding forth their views of the sector will be male.
Sometimes referred to as the ‘biggest manager you have never heard of’, Jonathan Boyd has caught up with PGIM for insight into its Europe region developments as part of global expansion