FRANCE - FRR, the €33bn French national pension reserve fund, has tapped Barclays Global Investors (BGI) for a €1bn European equities mandate.

In a statement on its website, the fund said the appointment followed a tender, which had been divided into three lots, from last year to renew some of its mandates in European equities.

FRR picked BGI for the third lot, a passive large and mid cap portfolio aimed at replicating a benchmark whose components are weighted by fundamental factors.

According to the statement, FRR is still seeking a manager for the second lot - an active European small cap portfolio.

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