France pension scheme seeks managers for SRI convertible portfolio

Chicago, Oct. 24 – Etablissement de Retraite Additionnelle de la Fonction Publique, or the French public sector additional pension scheme, is launching a call for tenders to award mandates to manage international convertible bonds with a socially responsible investment focus.

The objective for the successful managers will be to develop an active, non-benchmarked management of a portfolio of international convertible bonds and to outperform the benchmark index.

The portfolio must comply with Erafp’s SRI criteria.

The amount initially awarded under the two active mandates will be approximately €700 million.

The mandates awarded are for an initial term of four years and can be renewed by Erapf for two successive one-year periods.

The tender file is available at www.achatpublic.com and there is also a link at www.rafp.fr.

Erafp is the French state-supervised public sector administrative entity charged with managing the French public service additional pension scheme.

The entity manages the scheme’s financial investments directly or by delegation to asset management companies, according to the website.

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