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FRR reappoints Russell Investments
29 November 2013
French pensions reserve fund extends deal to provide transition management services
French pensions reserve fund FRR (le Fonds de Réserve pour les Retraites) has reappointed Russell Investments to provide transition management services in France.
The global asset manager was initially appointed in January 2010. Over the past three years it has worked on more than 20 transitions, reducing risk and controlling explicit and implicit trading costs to maximise the value of FRR’s portfolios.
Dominique Dorlipo, managing director Russell Investments said, “Russell has over 30 years’ experience in transition management and we continuously research ways to improve our process to deliver the investment performance our clients need.”
“In the three years we have worked with FRR we have seen steady growth in demand for transition management services,” said Rob Bishop, head of implementation services for Russell in Emea.
“Over the last 12 months alone our client list has grown by 25%. Not only do we see new users finding value in transition management, but also market share gravitating to Russell’s pure agency model. In response, we continue to add resource to our European team to support both the growth and the increasing complexity of the mandates."
"We believe our team is one of the largest of its kind in Europe and reflects our commitment to delivering our clients the highest level of fiduciary service.”