ERAFP awards three Multi-Asset Fund of Funds management mandates
- 28 March 2013
Paris, 28 March 2013 – In line with ERAFP’s policy of broadening its investment universe and in accordance with the five values of its SRI charter, the French public service additional pension scheme has just awarded one active and two stand-by multi-asset fund of funds management mandates.
In July 2012, ERAFP launched a restricted call for tenders for the management of an SRI multiasset fund of funds. Following the selection process, ERAFP has decided to award the active mandate to Amundi.
BNP Paribas Asset Management and Neuflize OBC Investissements will be the stand-by managers
Following a fundamental approach and without being tied to a benchmark, the manager will build the portfolio using a rigorous asset allocation and fund selection process and in compliance with ERAFP’s SRI requirements. The asset manager will seek to maximise the portfolio’s performance while limiting its one-year losses through the implementation of a risk budget.
By way of indication, the amounts invested over a one-year horizon could be around €150 million, rising to around €300 million over a three-year horizon.
The initial term of the contract is four years, which may be extended at ERAFP’s option for two successive periods of two years each.