ERAFP taps 2 bond managers to run €210 million
By Drew Carter | October 26, 2012 3:10 pm
Etablissement de Retraite Additionnelle de la Fonction Publique, Paris, hired Lombard Odier Gestion to run €130 million ($169 million) in international convertible bonds and Schelcher Prince Gestion to run €80 million in European convertible bonds, confirmed Alice Blais, spokeswoman at the €13 billion pension fund.
The pension fund named BNP Paribas Asset Management and Fisch Asset Management as standby managers for the international mandate and Acropole Asset Management and Natixis Global Asset Management for the European mandate. Standby managers can be funded at any time during the four-year term in which the selected managers serve, Ms. Blais said in an e-mail.
All of ERAFP's portfolio managers must apply a best-in-class socially responsible investment approach when making investments.
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