Fonds de Reserve pour les Retraites, Paris, issued an RFP for active managers to run a European equities portfolio that integrates environmental, social and governance principles, according to the €34.7 billion ($45.2 billion) fund's website.
Further information about the size of the mandate was not indicated on the RFP. Officials at the FRR could not be reached for further details.
According to the fund's annual report, a European midcap and large-cap socially responsible investing strategy totaling €600 million is divided among Allianz Global Investors, Aviva Investors, Pictet Asset Management and UFG-Sarasin Asset Management. The exact portion for each manager was not disclosed.
Proposals are due Jan. 23; further information can be obtained on the fund's website.
