Etablissement de Retraite Additionnelle de la Fonction Publique, Paris, is searching for managers to run U.S. and French equity strategies, according to Alice Blais, spokeswoman for the €14.8 billion ($19.3 billion) fund.
An active U.S. large- and midcap equity strategy will initially be valued at €100 million but could rise to €300 million over the next three years. An active French small-cap equity allocation, which will initially be valued at €50 million, could increase to €150 million over the same period. Both portfolios will integrate ERAFP's environmental, social and governance guidelines.
Funding will come from new cash inflows, Ms. Blais said in an e-mail. Proposals are due May 6, and appointments are scheduled to be announced by the end of the year.
Further information is available from French website achatpublic.com.