Searches and Hires

French multiemployer plan seeks managers for ‘flexible allocation’ strategy

CIPAV, Paris, is searching for money managers to run a "flexible allocation" strategy.

The value of the portfolio could not be learned by press time.

CIPAV, which had about €5.3 billion ($6.3 billion) in assets at the end of 2017, wants managers to invest in European Union countries and those in the Organization for Economic Cooperation and Development, a notice on public procurement website Marches-Public said.

Interested managers must have €300 million in flexible allocation strategies. Contracts will run for five years with a possible one-year extension.

The pension fund is a multiemployer fund for doctors, pharmacists, dentists, accountants and other professions.

RFPs are due Sept. 21 and in French. A hiring date was not provided.

Executives could not be reached for comment by press time.