Searches and Hires

FRR on the hunt for transition managers

Fonds de Reserve pour les Retraites, Paris, is looking for transition managers, a spokesman confirmed.

The €36 billion ($42.5 billion) pension fund currently uses BlackRock (BLK) Advisors (U.K.), Goldman Sachs International and Russell Implementation Services. The spokesman said all three firms may rebid.

Contracts will run for four years, with a possible one-year extension. Proposals are due Nov. 27. Further details are available via FRR's website.