FRR taps 3 for European smidcap equities

Fonds de Reserve pour les Retraites, Paris, hired AXA Investment Managers, Financiere de L'Echiquier and Kempen Capital Management to manage European smidcap equities, according to a news release on the €35 billion ($46 billion) pension fund's website.

The strategy, which totals about €200 million, will integrate the fund's environmental, social and governance criteria, according to the release. Information on how much each manager will be running was not available by press time. Neither Salwa Boussoukaya-Nasr, FRR chief investment officer, nor a fund spokeswoman could be reached for further comment.

The RFP was issued in December 2011.