The purpose of this contract, which is not alloti, is to select 3 investment service providers to perform on behalf of ERAFP an active non-benchmarked management of the convertible bond portfolio in the World Zone and achieve a performance superior to the performance comparison index.

The mandate will be to manage a portfolio that will be invested in a French mutual fund approved by the AMF (FCP) in the form of a general purpose investment fund (intended more particularly to ERAFP) as defined in articles L. 214-24-24 et seq. of the CMF.

It is specified that each "active" holder of the contract will have to take over the management of an existing mutual fund and will be responsible for the modifications of the documentation of the fund required to comply with the obligations of the mandate. The Fund's custodian must remain the deposit and consignment fund.