BNP Paribas Asset Management, Amundi, Vanguard and AllianceBernstein have been appointed by Fonds de Reserve pour les Retraites (FDR), Pensions & Investments reports. The four firms have been picked to manage €2 billion for the Paris-based state investment fund. BNP Paribas and Amundi will oversee a combined €1 billion in non-cap-weighted strategies, while Vanguard and AllianceBernstein will run the remaining €1 billion in cap-weighted strategies. The sizes of the individual mandates of the managers have not been disclosed.
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