Fonds de Reserve pour les Retraites, Paris, is looking for a passive manager to replicate indexes for current allocations to certain asset classes, and to run a €500 million ($677.1 million) currency risk portfolio, a spokeswoman said.
Indexes for replication are across equities and bonds, said procurement documents on the website of public organization Caisse de Depots. The spokeswoman said the €36.6 billion pension fund will hire a bench manager to take over if FRR decides to change current managers.
The procurement documents said the currency risk portfolio will hedge against foreign currencies including U.S. dollars, U.K. pounds and Japanese yen.
Further details were not available.
Proposals are due July 28. The RFP is available on Caisse des Depots' website.