ITALY - Direct investment in funds such as hedge funds would help Italian pension funds diversify and generate alpha within portfolios which currently contain no uncorrelated assets, claimed Andrea Canavesio, partner at Mangusta Risk.
Although changes are in the pipeline, the law as it stands does not allow pension funds to invest directly. Instead, they award mandates to asset managers and open a segregated account in a bank for the...
CHINA - The head of the IMF pleaded with China to support the eurozone as she warned the global economy is heading for a "lost decade".
ITALY - BNL/BNP Paribas Employees' Pension Fund has hired State Street Global Advisors to run an €82m ($113m) custom fixed income mandate while the Cariplo Pension Fund renewed a European equity mandate worth $71m.
ITALY - State Street has strengthened its European presence with the opening of two new offices in Milan and Turin, Italy. The move is part of the company's successful integration efforts with Intesa Sanpaolo (ISP) which has a presence in both Italy and...
Raquel Pichardo-Allison reports on a new wave of activism starting to swell in Italy
ITALY - Mercer has strengthened its management team in Italy with four internal appointments.