Standard Life Investments secures French public pension mandate

Standard Life Investments, one of the largest fixed income managers in Europe, today announced that it has been selected by the Fonds de Reserve

pour les Retraites (FRR) to jointly-manage a 71bn European investment grade credit portfolio.

The appointment follows a comprehensive due diligence and evaluation process involving a number of investment houses.

Craig MacDonald, Head of Investment Grade Credit at Standard Life Investments, will be the fund manager responsible for managing the portfolio.

Its objective will be to outperform the Barclays Capital Euro Corporate Index.

Standard Life Investments has a strong track record in managing funds across a diverse range of fixed income markets.

It manages over 758bn in bonds around the world (as at 30.06.09).

Jill Shaw, Investment Director - European Business Development, Standard Life Investments, said: "The award of this mandate from FRR underpins the success of our fixed income investment process* and the overall strength of Standard Life Investments as a fund management group.

To manage an account for a scheme of this size and reputation represents a significant milestone for Standard Life Investments.

*Standard Life Investments' 'Focus on Change' investment philosophy provides the foundations for its investment process and seeks to identify the key factors that drive the market price of an investment.

This approach focuses on changes that lead to revised market expectations and a revised price, and ultimately a superior return for clients.

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