Searches and Hires

ERAFP looking for firms to hedge FX risk, conduct reputation surveys

Etablissement de Retraite Additionnelle de la Fonction Publique, Paris, is searching for money managers to hedge foreign exchange risk.

A notice filed with French procurement website achatpublic.com said the €27.7 billion ($33 billion) pension fund is looking for three investment firms to hedge its FX risk. Replies are due Jan. 19, and questions may be submitted by Jan. 9. Details are available on the procurement website.

The pension fund also is looking for an external service provider to carry out three quantitative surveys of reputation and image, said a separate notice on achatpublic.com.

Questions may be submitted until Dec. 4; reponses are due Dec. 18. Further details are available on the procurement website.

A representative for the pension fund could not be reached for comment.