IPE's Italy Coverage
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NewsPrevAer shifts to multi-asset strategy
Eurizon will run the strategy across the scheme’s three sub-funds through Alternative Investment Funds
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NewsGenerali Investments buys majority of MGG Investment for $320m
The acquisition comes as Generali is close to creating a joint venture with Natixis Investment Managers
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NewsInarcassa boosts domestic investments as 2024 returns exceed expectations
The scheme is increasing allocations in private markets and equities as it records returns of more than 7.6% in 2024
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NewsItaly’s Banca Etica expands business into ESG asset management
The bank is stripping current external asset manager Anima of its mandate to manage the mutual funds of Etica SGR, the bank’s asset management arm
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NewsItaly’s INPS under fire for unilaterally changing pension requirements
GCIL is accusing INPS of having changed the criteria to calculate pensions for those opting to retire early
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NewsPreviAmbiente swaps Credit Suisse with UnipolSai in bid to cut costs
The new manager will run the scheme’s ‘Garantito’ sub-fund, worth around €350m, which invests 96% in bonds and 4% in equities
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NewsFondenel launches new equity investment option
Under the new option, the pension fund will pursue a strategy with a strong exposure to equities
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NewsItaly changes early retirement option
The new rule allows a merger of first and second-pillar contributions
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NewsFon.Te allocates further €160m to private markets
Fon.Te has also approved investments worth €130m to back alternative investment funds (AIFs) internationally
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NewsFondo Pegaso and Previambiente invest in Italy’s infrastructure FoF
The FoF infrastructure aims to fundraise €500m through capital allocated by pension funds
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NewsItaly ties tax breaks on venture capital returns to share of allocated assets
Adepp, the Italian association of pension funds for professionals, has welcomed the changes to the competition law
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NewsMonte dei Paschi scheme seeks asset managers for DB sub-fund, private equity
The pension fund is looking for an asset manager to invest €70-80m in private equity and another for €80m to run its DB sub-fund
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NewsEnpam overturns deficit forecast with €826m profit on invested assets
The scheme will end the current year with a budget surplus of €484m, a result that overturns the previous outlook of a deficit amounting to €84m
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NewsInarcassa expects €1.2bn budget surplus as it implements new strategy
Budget surplus is result of income from members’ contributions and expenses for pensions paid, returns on invested assets, and operational costs
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NewsAssoprevidenza to rank asset managers on ESG grounds
Assoprevidenza, the Italian association of the complementary pension sector, will start ranking asset managers according to their ESG strategies and the role played by sustainability in governance processes, it announced today. The members of the association will use the metric provided by research company ET.Group to rank asset managers, tender ...
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NewsPope calls for review of Vatican pension system to improve financial outlook
Pope Francis appoints Cardinal Kevin Farrell as sole administrator of the Vatican pension fund
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NewsAdepp, ABV call for improving EU framework for private markets investments
Associations highlight need for a common, stable framework on risk calculation and reporting systems
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NewsItalian pension funds call for action to boost pension membership
Assofondipensione proposes new ‘silent consent’ mechanism
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NewsItaly’s CDC scheme to invest €1.1bn across equities, bonds, alternatives
The scheme will invest 72.4% of the €1.1bn planned for next year in bonds, 4.5% in equities, and 23.1% in illiquid alternatives, including real estate
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AnalysisItalian institutional investors confronted with hard reality of net-zero transition
Panellists at Salone.SRI in Milan this week agreed that journey towards net zero will progress despite challenges
