The £1.3bn (€1.5bn) Cornwall Pension Fund has appointed two managers to a £60m global frontier-market equity mandate.

The local authority fund launched the tender in May and saw interest from 17 applicants, reduced to a shortlist of 16 with the help of bfinance.

HSBC Global Asset Mangement and Advance Emerging Capital have both been appointed, with the £60m funding split equally between the firms.

In other news, France’s Fonds de réserve pour les retraites (FRR) is seeking a provider to evaluate the risks inherent in its €36.6bn portfolio.

The reserve fund said the successful applicant would be appointed for four years, with the potential for a further one-year extension of the contract.

Applicants have until 23 December to apply.

The FRR has further concluded several other procurement exercises, reappointing Russell Investments to a panel of transition managers, alongside Goldman Sachs and BlackRock Advisors.

The fund has also appointed two further asset managers to socially responsible equity mandates worth €150m, bringing to a close a nearly two-year process.

BNP Paribas Asset Management and Kleinwort Benson Investors will be required to invest in thematic mutual funds, and the FRR said the approach would allow it to seek exposure to water, eco-technologies, waste management and renewable energy.

Meanwhile, four of Sweden’s AP funds have appointed two companies to handle global voting services for the buffer funds.

Institutional Shareholders Services (ISS) and Nordic Investment Services (NIS) were chosen for the high quality of their analysis, according to a statement by AP2.

The joint tender by AP1-4 will see both companies working across all four funds’ portfolios.

Finally, APUC, the body responsible for procurement of more than 50 of Scotland’s universities and colleges, is seeking to launch a defined contribution supplier framework for the higher education sector.

According to the tender, the framework would accessible to higher education procurement services for London and other English regions, as well as Wales.

Applicants, which are welcome to contact APUC until 9 January, must have an S&P credit rating of BBB or higher to qualify.