FRR selects Global Securities Consulting Services (GSCS) to analyse execution quality of companies managing its assets
Published on August 15, 2007.
The Fonds de Reserve pour les retraites (FRR), a company whose aim is to ensure the long-term viability of the French pension system, has decided to retain the services of Global Securities Consulting Services (GSCS) following an open request-for-proposal (RFP) it launched to select a service provider to analyse the quality of executions transacted by companies to which the fund has entrusted the management of its assets.
Commissioned for a period of three years, this mandate is part of the FRR's broader effort to institute a collaborative system with its asset managers aimed at containing costs and monitoring transaction fees. It entails the ex-post facto analysis of the quality of the execution of transactions carried out by the transition broker or by broker/dealers selected by the asset managers, and enables the FRR to ensure the transparency and quality of performances in the area of order execution on the part of its various service providers.
