The new pension scheme for workers in the rubber, plastic and electric cable industry in Italy, Fondogommaplastica, has put out to tender two mandates for its E20 to E30m fund.
The entire fund will be split equally into two separate mandates, requiring three managers. One mandate will be dedicated entirely to fixed income and requires one manager. The other will be a balanced/equity mandate requiring two managers.
At the end of 2002 the fund was valued at E20m, although the scheme estimates a capital value of E30m by the end of June 2003.
Questionnaires can be found on the pension scheme’s website: www.fondogommaplastica.it
The supplementary fund was established in 1999, and now has around 25,000 members.