mast image

Impact Investing

IPE special report May 2018


French reserve fund appoints auditors

FRANCE – The supervisory board of the France’s 16 billion-euro Fonds de Réserve pour les Retraites has appointed KPMG and Constantin & Associés as auditors.

“These auditors are appointed for six accounting periods and will be in charge of the bi-annual certification of the FRR detailed asset value statement (accuracy and valuation),” the reserve fund said in a statement.

“They will also provide assistance to the account committee, chaired by Mr. Jean Louis Beffa, vice president of the supervisory board of the FRR.”

The FRR said recently that it would concentrate its socially responsible investing approach on large-cap European equities at first. And the fund’s finance director, Jean-Louis Nakamura, told IPE in an interview recently some asset managers that had responded to its call for tenders had not understood its strict rules.

Have your say

You must sign in to make a comment


Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2435

    Asset class: CLOs.
    Asset region: Global.
    Size: USD 50m.
    Closing date: 2018-05-22.

  • QN-2436

    Asset class: Real Estate - Core Open-ended Real Estate Equity Fund (non-listed).
    Asset region: Asia Pacific.
    Size: Approx. CHF 70-100m per investment.
    Closing date: 2018-05-25.

  • QN-2438

    Asset class: High Yield Bonds.
    Asset region: US.
    Size: USD 300 million.
    Closing date: 2018-05-25.

Begin Your Search Here