Fonds de Reserve pour les Retraites, Paris, is searching for managers to run a combined €400 million ($534 million) in a strategy that invests in developed markets-based companies that primarily do business in emerging markets, said Jean-Philippe Olivier, head of external asset management at the €34.7 billion fund.
Mr. Olivier said the mandate will be split evenly between managers investing in European companies and those investing in companies based in any global developed market.
Fund officials will expect managers to develop a new process or demonstrate how an existing process will be adjusted to capture these types of stocks that have exposure to emerging markets, Mr. Olivier said.
Proposals are due Jan. 6. A selection is expected by July. Further information is available at www.achatpublic.com.
