France - Portfolio Management Services

Description

This consultation concerns the award of a framework agreement for the management of securities portfolios for Ircantec (the supplementary pension institution for non-tenured civil servants and public authorities). This is a provision of services relating to the management of assets on behalf of Ircantec. The purpose of the framework agreement is to select investment service providers who carry out portfolio management services on behalf of third parties, in order to manage portfolios composed of financial instruments admitted to trading on a market.
The purpose of this lot is to select two service providers to manage a dedicated fund invested in European equities (active and sustainable management). Active management" means the implementation of investment decisions leading to individual positions different from those of the benchmark index, with the aim of achieving a significant increase in performance, within the limit of an active ex-ante risk budget. Sustainable management" means the implementation of investment decisions resulting from a process integrating environmental, social and governance criteria as well as the search for an alignment of the managed portfolio with a trajectory compatible with the Paris Agreement, which aims to avoid climate change by limiting global warming to well below 2ºC and continuing efforts to limit it to 1.5ºC. The purpose of this lot is to select a service provider to manage a dedicated fund invested in European equities under passive management in replication of a benchmark index that complies with the European taxonomy relating to compatibility with the Paris climate agreements (Pab Eu). The indicative initial allocation of lot 2 is around EUR 200,000,000. However, Ircantec, represented by its management department, has sole control over the allocation of the amount allocated to the fund. If necessary, in the interest of Ircantec, it may be decided to reduce the assets already allocated. The purpose of this lot will be to select two service providers to manage a dedicated fund invested in world equities (active and sustainable management). Active management" means the implementation of investment decisions leading to individual positions different from those of the benchmark index, with the aim of achieving a significant increase in performance, within the limit of an active ex-ante risk budget. Sustainable management" means the implementation of investment decisions resulting from a process integrating environmental, social and governance criteria as well as the search for an alignment of the managed portfolio with a trajectory compatible with the Paris Agreement, which aims to avoid climate change by limiting global warming to a level well below 2ºC and by continuing efforts to limit it to 1.5ºC.

Opportunity closing date

06 August 2021

Value of contract

to be confirmed