France's Ircantec tenders bond, active and passive equity mandates

On the 07/06/21 at 7:47AM


Adrien Paredes-Vanheule

French public pension fund Ircantec has launched several requests for proposals in fixed income and equity segments.

French public sector pension scheme Ircantec is looking to award investment grade bond mandates as well as global and European equities mandates.

The €12.6bn pension scheme seeks four investment managers to actively run euro-denominated investment grade corporate bonds portfolios. Each manager will handle a fund.

Furthermore, Ircantec will select a pair of asset managers to each run a fund invested in European equities in an active and sustainable manner. Sustainable for Ircantec means the integration of environmental, social and governance criteria in investment decisions and portfolio alignment to the Paris agreement climate trajectory (below 2°C and limit to 1.5°C).

Similarly, the French institutional investor seeks to grant two investment managers global equity mandates with the same requirements set for its European equity mandates.

Lastly, Ircantec expects to award a passive equity mandate invested in European stocks and replicating an index aligned on the European taxonomy compliant with the Paris Agreement on climate change (Paris Agreement benchmark). The pension fund said this lot's initial allocation would amount to €200m and specified it could choose to reduce this allocation if needed.

All mandates would be awarded for a five-year period with a renewal option of one year. The deadline for applications is Friday, 6 August. More information here.

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