IPE's Italy Coverage – Page 8
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NewsPrevindai plans €35m investment in private equity funds
The scheme continues to diversify its investments following an allocation of almost €200m in the Italian real economy last year
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NewsInarcassa hedges equity exposure, resumes private markets allocations
According to the new strategic asset allocation for 2023, Inarcassa is increasing its allocation to bonds by 3%, while reducing equities by 1.5%
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NewsCometa opposes CEO remuneration, but in favour of labour rights at AGMs
The Italian pension fund has opposed high pay, or pay not linked to ESG goals, of managers at Siemens, Deere & Co, and Compass Group
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FeaturesFear and loathing in European banks
Any CEO would recognise there is a problem when investors do not want to put their money to work with you. That is the situation that European banks find themselves in. The MSCI Europe bank index has considerably underperformed its MSCI Europe parent over the last 10 years.
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NewsItalian pension funds pick Eurizon Capital for infrastructure investment
The asset manager will select infrastructure AIFs investing in companies involved in economic, social and renewable energy projects
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NewsByblos posts investment losses for all three sub-funds
The negative returns last year, particularly that of the Garantito sub-fund, was the result of significant losses in bond markets
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NewsItalian pension fund association calls on government to cut tax burden on returns
The association is also demanding the government replaces the pro-rata standard to calculate pension benefits
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NewsCassa Forense to increase investments in private equity, infrastructure
The pension fund is selecting an asset management company for SICAV/SICAF fund investments
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NewsAUM roundup: Italian pension funds’ total assets drop
Plus: Asset management costs of Swiss pension funds reach CHF5.1bn
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NewsItaly roundup: Fondenergia swaps Amundi with Credit Suisse to manage ‘garantito’ fund
Plus: Euronext moves clearing activities to Italy
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NewsItalian government paves way for pension reforms
Ministry of Labour and Social Affairs is set to meet with the unions on 19 January to start discussing changes to the pension system
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NewsEnpam and Fon.Te push on with private markets investments
Enpam plans to invest €290m in private equity, venture capital and private debt, while Fon.Te has earmarked €380m for private markets
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NewsInarcassa ups bonds, cuts equities in new strategy
The scheme has also decided to integrate a sustainability element in its latest asset allocation strategy
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NewsItalian private pension schemes see assets grow to €108bn
The asset owners have cut their allocations to government bonds significantly, from 19.7% in 2013 to 13.7% in 2021
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NewsEU Commission rebukes Italian government on early retirement plan
Temporary measures of early retirement schemes would lead to an increase in the deficit of 0.7% of GDP
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NewsItaly roundup: PreviAmbiente sets up new equity sub-fund
Plus: Inarcassa, Enpav expect positive returns in 2023; INPGI picks alternative investments funds
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Opinion PiecesMeloni grapples with Italy’s pension woes
Reforms usually follow general elections, regardless of the political system. Italy is no different. The most generous country in Europe in terms of pension payments, according to the Organisation for Economic Co-operation and Development (OECD), Italy spends the equivalent of 15.6% of GDP on pensions.
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NewsEnpam to record negative results this year due to global turmoil
Doctors’ pension fund set to end the current financial year with losses of €564m
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NewsItalian schemes boost foreign investments
Report by Italian pensions regulator Covip showed Casse di Previdenza have invested €37bn in Italy last year, while investments abroad amounted to €54bn
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Italian government proposes pension cap for early retirement
The measures included in the proposed budget law will be sent to parliament and European Commission for approval by the end of the year
