the management, on behalf of the Cavec, of part of the reserves for which it is responsible, placed in European bonds. The purpose of the consultation is therefore to designate a UCI management company under French law in the form of FIVGs "dedicated" to Cavec and intended almost exclusively for the caisse

The amount allocated to the fund will be in the range of €100 to €150 million. The actual amount may be higher or lower and may vary over the life of the fund