IPE's Italy Coverage – Page 8
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NewsItalian pension funds recover with AUM reaching €214bn in H1
Pension schemes recorded overall positive returns in the first six months of 2023, but results were up particularly for those with higher exposure to equity investment
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NewsItaly roundup: Generali Investments buys Cathay Life business
Plus: Women are still underrepresented in first pillar schemes, says Adepp
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Opinion PiecesLessons learned from Berlusconi’s pension reforms
To some, the death of Silvio Berlusconi on 12 June this year, is the end of an era for Italian politics. Berlusconi was the longest-serving prime minister in the history of the republic and a highly controversial figure, at home and abroad. He can be described as the first modern European populist leader.
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NewsItalian government readies new investment rules for first pillar pension system
Pension schemes have been waiting for an upgrade to their investment rules since 2011
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NewsItalian pension funds lean towards domestic investments, says COVIP
Many pension funds are also expanding their investment strategies in private equity and private debt, according to the pensions regulator
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NewsItalian government puts forward law to create €1bn SWF
The funds will amount to €700m this year and a further €300m in 2024
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NewsItaly roundup: Previndai ups exposure to corporate, government bonds
Plus: Eurofer pushes on with direct investments
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NewsItalian government plans sovereign wealth fund set up
The draft bill, called ‘Made In Italy’, will be tabled by the minister of enterprise and Made in Italy Adolfo Urso in an upcoming government meeting
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NewsItaly roundup: BCC-CRA pension fund divests from private markets
Plus: Fondo Priamo increases number of members and contributions; Enpaia cuts real estate investments
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NewsInarcassa increases investments in Italian private banks to €200m
For 2023 the pension fund plans to increase investments in private markets and real estate
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NewsItaly roundup: Enpam plans to build up global bond portfolio
Plus: Write downs hit Enasarco; Laborfonds sees sign of return to normality
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NewsFondenergia invests further €55m in alternatives
The scheme has allocated €20m to Azimut Libera Impresa’s infrastructure fund and €35m to Neuberger Bergman’s private equity fund
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NewsCometa to vote for diversity and equal opportunities at AGMs
The Italian pension fund wants booard members from gender minorities to hold senior roles
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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
