Fonds de Reserve pour les Retraites, Paris, hired Goldman Sachs Asset...

Fonds de Reserve pour les Retraites, Paris, hired Goldman Sachs Asset Management International as its first transition manager for the 16 billion euro ($19.5 billion) pension plan. The firm was chosen because of its methodology, risk control during the organizational process, low transition cost and price, said Jean-Louis Nakamura, finance director. GSAM has a three-year contract.