The Etablissement de Retraite Additionnelle de la Fonction Publique (ERAFP) has appointed six asset managers for equity mandates worth €1.3 billion, IPE reports. The mandates by the French supplementary pension scheme for civil servants are for several small to large-cap equity portfolios, ranging from €45-500 million.The appointed managers are Amundi, BNP Paribas, Axa Investment Managers, Edmond de Rothschild Asset Management and Cie Gestion. Framework agreements have been signed with a further seven, in case one or more of the managers is replaced.
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