Sections

Goldman and Russell assigned to transition FRR assets

Related images

  • Goldman and Russell assigned to transition FRR assets

FRANCE - Goldman Sachs and Russell Implementation Services have been appointed by FRR, the French national pension reserve, to handle the transition management of its assets.

Both parties have been granted three-year contracts to negotiate financial instruments on behalf of the €32bn Fonds de Reserve pour Retraites (FRR), in a bid to deliver cost savings and confidentiality over transactions.

The selection process for a transition manager began in May 2009 and these latest appointment follow a series of deals by FRR to look after its fixed income assets. (See earlier IPE stories: FRR completes third set of bonds appointments, Two down one to go: FRR signs fresh credit strategies and FRR awards €4bn to inflation-linked bond mandates)

If you have any comments you would like to add to this or any other story, contact Julie Henderson on + 44 (0)20 7261 4602 or email
julie.henderson@ipe.com

Have your say

You must sign in to make a comment

IPE QUEST

Your first step in manager selection...

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

  • QN-2570

    Asset class: Direct Real Estate.
    Asset region: Europe excluding Switzerland.
    Size: 150m.
    Closing date: 2019-10-30.

Begin Your Search Here
<