IPE's Italy Coverage – Page 5
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NewsAsset management association pushes for PE institutional vehicles
Increasing the number of private equity vehicles for pension funds seen as necessary step to channel members’ savings towards private assets, says Assogestioni
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NewsItalian scheme hands over Credit Suisse AM’s mandate to Pictet, Fidelity
Credit Suisse’s portfolio was worth €179m at the end of 2023
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NewsFondo Espero to review investment strategy to set up new sub-fund, life cycle option
Strategic realignment comes after introduction of silent-consent rule to tacitly join the scheme
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NewsDivestment rules for long-term savings plans lead to ‘operational complexity’
Inarcassa asked the tax authority in Italy, the Revenue Agency (Agenzia delle Entrate), to clarify rules on capital repayments made by closed AIFs
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NewsFondo Gomma Plastica to create equity mandate investing in Italy
The scheme is working on the equity mandate with other pension funds joining as part of a consortium
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NewsItalian schemes explore investment opportunities with European Investment Fund
Pension funds Arco, Concreto, Fondo Pensione Byblos and Fon.Te plan to boost investments in Europe
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NewsCassa Forense boosts total assets to €17.63bn
The pension fund for lawyers in Italy tightened the grip on costs as the number of members decreased by 1.3% year-on-year in 2023
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NewsEnpam shifts to macro portfolio strategies in new LDI approach
Italy’s largest pension scheme is splitting its assets into two macro portfolios
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NewsItalian schemes bolster ESG standards in private equity allocations
Research shows that 57% of Italian institutional investors directly buy private equity products in line with ESG criteria
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NewsCassa Forense seeks asset managers for investment vehicles worth €4bn
The lawyers scheme is creating the two vehicles to streamline investments and administration of its assets
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NewsItalian pension funds face competition on private assets investments
Current rules and lack of political support can hinder pension funds’ plans to increase private markets commitments
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NewsItalian pension schemes reap benefits of banks’ equity investments
The Bank of Italy has distributed dividends to shareholders, including pension funds, for a total amount of €340m
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NewsItaly economy minister calls for institutional fund of funds
Structural changes are necessary to reduce the fragmentation of the investments in Italy, says finance ministry’s undersecretary Federico Freni
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NewsItaly’s pension funds association defines first proxy voting guidelines
A working group established within Assofondipensione monitors how effective are the voting policy and the guidelines
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NewsItalian schemes restructure sub-funds offering, introduce new life cycle option
Fondo Pegaso and Fondenel are restructuring their sub-fund offerings for their members, introducing new life-cycle options
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NewsPrevindai’s sub-fund returns 11% with mix of equity and alternative funds
Assets under management increased year-on-year to €14.5bn at the end of 2023 from €13.71bn in 2022
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NewsFondo Pensione Intesa Sanpaolo ditches engagement policy
The scheme looks to strengthen its internal structure for engagement activities, which will come with additional costs to members
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NewsEnasarco returns bump AUM to €8.7bn
It has started managing assets for the retirement bonus fund separately from 1 January 2024, forecasting an AUM of €2.5bn in 2024, reaching €2.7bn in 2026
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NewsFondo Pensione Intesa Sanpaolo plans private market investments
The overall commitment, to be made via Alternative Investment Funds (AIFs), is €100m
