Russell Investments appointed to foreign exchange hedging mandate by ERAFP

London, 2025-04-07 – The appointment will see Russell Investments employ its proprietary currency hedging capabilities to deliver a customised programme that reduces the currency risk inherent in investment portfolios.

Global investment solutions provider Russell Investments today announces it has been appointed by the Établissement de Retraite additionnelle de la Fonction publique (ERAFP) to manage its EUR 4.2 billion foreign exchange hedging requirements.

The ERAFP is the administrative entity responsible for the management of the pension scheme for fully qualified and trainee civil servants working in the French Government. First established in 2003, the scheme is now responsible for around EUR 50 billion of assets on behalf of more than 4.5 million contributors

The appointment will see Russell Investments employ its proprietary currency hedging capabilities to deliver a customised programme that reduces the currency risk inherent in investment portfolios.

A highly experienced currency manager, Russell Investments manages over €50 billion* of currency exposure across a range of risk-reducing and return-enhancing strategies. These include passive currency hedging, dynamic currency hedging and absolute return currency strategies.

Jim Leggate, Head of EMEA of Russell Investments, said: “We are proud to work with ERAFP and are confident that our rigorous process, combined with our operational flexibility, will further grow their trust in us. Russell Investments is well placed to continue to offer increasingly more efficient services tailored to their needs.”

Riccardo Stucchi, Country Manager of Russell Investments France, added: "Investors, both in France and internationally, are clearly expressing their demand for more efficient management, both in terms of investment and operations. Russell Investments offers delegated multi-management services, as well as cutting-edge management services, including risk reduction strategies and transition management for complex portfolios, which work harmoniously to meet ERAFP’s expectations.”

*Russell Investments, as of 28 February 2025

Media Contact:

Stephanie Ramos, Russell Investments
sramos@russellinvestments.com
+44 (0)20 7024 6446

Matt Rogers, JPES Partners
russellinvestments@jpespartners.com
+44 (0)20 7520 7624

About Russell Investments

Russell Investments is a leading global investment solutions partner providing a wide range of investment capabilities to institutional investors, financial intermediaries, and individual investors around the world. Since 1936, Russell Investments has been building a legacy of continuous innovation to deliver exceptional value to clients, working every day to improve people’s financial security. The firm has £264.3 billion (equivalent to €319.6 billion / $331 billion) in assets under management (as of 31/12/2024) for clients in 30 countries. Headquartered in Seattle, Washington, Russell Investments has offices in 17 cities around the world.

MEDIA CONTACTS

newsroom@russellinvestments.com

Any statements of opinion expressed within this publication are that of Russell Investments and are current at the time of issue. The information and opinion given in this publication is given in good faith. All opinions expressed are subject to change at any time. Russell Investments nor any of its staff accepts liability with respect to the information or opinions contained in this publication.

All investments carry a level of risk and do not typically grow at an even rate of return and could experience negative growth.

Any past performance results should not be seen as a guide to future returns. Any scenarios presented are an estimate of future performance based on evidence from the past on how the value of an investment varies and are not an exact indicator.

In EMEA this content is suitable for Professional Clients Only.

Russell Investments is committed to ensuring digital accessibility for people with disabilities. We are continually improving the user experience for everyone, and applying the relevant accessibility standards.

Russell Investments' ownership is composed of a majority stake held by funds managed by TA Associates Management, L.P., with a significant minority stake held by funds managed by Reverence Capital Partners, L.P. Certain of Russell Investments' employees and Hamilton Lane Advisors, LLC also hold minority, non-controlling, ownership stakes.

Frank Russell Company is the owner of the Russell trademarks contained in this material and all trademark rights related to the Russell trademarks, which the members of the Russell Investments group of companies are permitted to use under license from Frank Russell Company. The members of the Russell Investments group of companies are not affiliated in any manner with Frank Russell Company or any entity operating under the "FTSE RUSSELL" brand.

Issued by Russell Investments Limited. Company No. 02086230. Registered in England and Wales with registered office at: Rex House, 10 Regent Street, London SW1Y 4PE. Telephone +44 (0)20 7024 6000. Authorised and regulated by the Financial Conduct Authority, 12 Endeavour Square, London, E20 1JN.

© Russell Investments Group, LLC. 1995-2025. All rights reserved. This material is proprietary and may not be reproduced, transferred, or distributed in any form without prior written permission from Russell Investments. It is delivered on an "as is" basis without warranty.

Regulated by the Dubai Financial Services Authority.