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ENPAM looks to preserve cash flow
In February 2024, the board of ENPAM, the first-pillar pension fund for doctors and dentists, approved plans for the fund to transition to an asset liability management (ALM) model that will focus on liability-driven investment (LDI).
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Enpam 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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ENPAM plans a further €520m investment in private markets
Italian scheme targets domestic private debt, private equity and venture capital allocations
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Enpam 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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Italy 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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Enpam 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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AUM of Italy’s first pillar schemes shoots up by 10%
Over the last 10 years, the AUM volume of Italian pension schemes has grown by €48.4bn, according to Covip
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Italian 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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Italy plans €1bn FoFs launch for small-cap domestic investments
The Fondo Nazionale Strategico Indiretto (FNSI), a closed-ended fund of funds (FoFs), will be managed by Cassa Depositi e Prestiti (CDP)
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Enasarco grows exposure to Italian banking sector
Italian pension fund sees sector as of ‘strategic interest’
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How we run our money: ENPAM
Emilio Giorgi (pictured), chief risk officer at ENPAM, Italy’s largest private pension fund, talks to Carlo Svaluto Moreolo about its commitment to investing in projects that directly benefit its members
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Concreto broadens investment in private markets
The scheme will invest 5% of the assets held in the sub-fund in alternatives
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ENPAM commits €150m to medical technology fund
Italian pension scheme provides majority of capital to new private equity fund targeting early-stage medical companies
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Italy: Lessons from ENPAM
The ENPAM pension fund for medical professionals made the headlines last year after concerned members alerted the press to alleged wrong-doing. Carlo Svaluto Moreolo sheds light on a matter that has seen the former chairman under investigation for fraud and which also raises questions about transparency and governance at some Italian pension schemes
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Italy: ENPAM gets back into gear
Embroiled in a scandal in 2011, has ENPAM now turned the corner? Carlo Svaluto Moreolo reports The ENPAM pension fund for medical professionals published its balance sheet in May, reassuring members that the dark days of the past are finally over. In 2012 the fund recorded a €1.3bn budget surplus ...
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Italy: Casse di Previdenza roll with the punches
Italian industry-wide pension funds fail to attract new members, with potentially serious long-term consequences
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Italy: Policymakers focus on first pillar
Despite recent growth, second-pillar pensions have never been a priority for the Italian government
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Inarcassa’s new strategy sees cuts to equity in favour of bonds, infrastructure
Assets under management for first-pillar pension schemes, according to pension regulator Covip
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Italy's ENPAM approves new charter, reports 8.35% return
Pension fund for medical consultants revamps governance structure
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Italian private schemes demand full autonomy to invest in line with EU recovery plan
The Recovery and Resilience Facility (RRF) is the center piece of the Next Generation EU (NGEU) with funds worth €723.8bn