FRANCE - The €27.6bn Fond de Resérve pour les Retraites, the French Pensions Reserve Fund, is looking for assistance in socially responsible investing.

"As part of its socially responsible investment program, the FRR today launches two adapted procedures," the FRR says on its web site.

"The first seeks to select a service provider to produce extra-financial reporting on the fund's European investments made in accordance with the FRR's SRI principles.

"The aim of the second is to select a service provider to detect and analyse the risks associated with failure to comply with human and basic worker rights, and to provide an environmental and social imprint for the fund's global equities portfolio."

The deadline for submitting applications and proposals is Friday October 20.

The FRR awarded €600m in SRI mandates to five asset managers in April this year. They included AGF Asset Management, Dexia Asset Management, Morley Fund Management, Pictet Asset Management and Sarasin Expertise Asset Management.

The fund said around 40 European firms expressed interest, submitting preliminary proposals in the summer of 2005.

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