Etablissement de Retraite Additionnelle de la Fonction Publique, Paris, hired Comgest and Robeco Institutional Asset Management to run a €400 million ($457.8 million) allocation to a socially responsible investing strategy for Asia-Pacific equities, a spokeswoman said.
The allocation by the €23 billion pension fund is new, and the investment is equally split between the two firms, she said. RobecoSAM, a specialist sustainable investor and part of the Robeco Group, is in charge of SRI screening, she said.
When the search was launched in December, the spokeswoman said at the time that funding would come from an existing international developed markets equities allocation managed by Allianz Global Investors and State Street Global Advisors.
Allianz Global Investors was hired as standby manager for the allocation, which ERAFP can choose to activate as needed.
The allocation will be invested in MSCI Pacific markets, covering Australia, Honk Kong, Japan, New Zealand and Singapore, said the RFP, which was issued in December.