6 October 2016

Cometa, Italy’s number 1 pension fund, has awarded Groupama AM Sgr with a mandate to manage a portfolio investing in fixed income focused on risk control

The Cometa pension fund has completed its asset managers selection for the assignment of management mandates covering a total of € 8.3 billion

The Cometa pension fund has completed its asset managers selection for the assignment of management mandates covering a total of € 8.3 billion, divided into 3 investment compartments (Money Market Plus, Income and Growth). 7 asset managers have been selected to manage a major proportion of the assets of Italy’s largest complementary pension fund (400,000 members and € 9.6 billion in assets).

In particular, the compartment designed for members close to retirement has been awarded to Allianz Global Investors, Eurizon Capital Sgr (IntesaSanpaolo group) and Groupama AM Sgr; this portfolio will invest in fixed-income with a focus on risk control.

Read more …