His idea was to create a state-backed fund, the Fonds Stratégique d'Investissement (strategic investment fund, or FSI), to support companies large, medium and small.
The funds set up by Belgium, France and Ireland over the past decade, on the other hand, were specifically intended to back their PAYG schemes.The French buffer fund, the Fonds de Réserve pour les Retraites (FRR), was set up in 1999 with the aim of raising as much as €150 billion ($172 billion) by 2020 to help finance public pensions for the following ten years.
The government wealth fund, the Fonds Strat que d'Investissement, has made 2.5 billion euros worth of investments in French technology groups, in giant companies like Groupe Bull but also in Internet firms like Dailymotion, a video-sharing service, and Skyrock, a blogging platform.
Not content with the state's existing stakes in many big French firms, Mr Sarkozy has set up a new fund, the Fonds Stratégique d'Investissement (FSI), to make further investments.Half owned by the Caisse des Dépôts, a public financial institution, and half directly by the government, the FSI aims to invest €2 billion a year in French companies.
The government wealth fund, the Fonds Stratégique d'Investissement, has made 2.5 billion euros worth of investments in French technology groups, in giant companies like Groupe Bull but also in Internet firms like Dailymotion, a video-sharing service, and Skyrock, a blogging platform.
JAMES B. CONHEADY, lead manager of the $156.2 million Concert Investment International Equity fund, is fond of playing the odds on thoroughbreds at Belmont Park.
The study is funded by Fonds NutsOhra, GGZ Drenthe, GGZ Friesland and the Institute for Post master Psychology in the Northern Netherlands (PPO).
The pre-publication history for this paper can be accessed here: http://www.biomedcentral.com/1471-2393/13/67/prepub Thistudydy is funded by Fonds Nuts Ohra, a Dutch organisation for Health Research and development.
Investors in this round included government-backed funds the French Sovereign Wealth Fund and the Fonds Stratégique d'Investissement; institutional shareholders Idinvest and Ventech; and several new investors such as Allianz, Jefferies, and Middle Eastern private funds.
Investors in this round included government-backed funds the French Sovereign Wealth Fund and the Fonds Stratégique d'Investissement; institutional shareholders Idinvest and Ventech; and several new investors such as Allianz, Jefferies, and Middle Eastern private funds.
