Erafp mandates Amiral Gestion

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The French largest public pension fund, L’Etablissement de retraite additionnelle de la fonction publique (Erafp), has awarded a mandate to Amiral Gestion. The boutique will manage a long-only fund invested in small caps equities France.

It aims to outperform the MSCI France small cap index.

This mandate was hitherto on “stand-by” as Erafp first mandated Sycomore Asset Management to manage a small equities cap France fund. Recent legislative changes in the financing of French small and mid-caps companies have convinced Erafp to activate the present second mandate.

Amiral Gestion’s assets under management currently amount to €650m.

Erafp manages €23bn in assets for 4,6 millions of French public employees, retirees, and their families.

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