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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
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."