FranceâÂÂs Fonds de Réserve pour les Retraites, the state's pension reserve fund, is seeking managers for European equities mandates worth about â¬4.5bn ($7.2bn), one of the largest tenders of its type this year.
The â¬34.5bn fund will award one index-tracking or "passive" mandate, up to 10 active mandates - which allow managers to select stocks - and two "semi-active" mandates as part of a periodic review of its existing portfolio. FRR declined to say how the mandates will be be funded.
