Italy's Laborfonds completes manager selection

ITALY - Laborfonds, the €100m complimentary pension fund for workers in Northern Italy, has appointed New York-based Alliance Capital to run its €10m US equity and fixed income portfolio.

The equity portion of the US portfolio, which has a maximum 40% weighting, will be benchmarked against the S&P500, but the fixed income benchmark remains undetermined.

The appointment completes the fund’s manager roster, taking its total to five. The other four portfolios consist of Italian equities and European bonds which are managed by San Paolo di Milano, European equities which is run by Lombard Odier & Cie and global fixed income, managed by ING.

Have your say

You must sign in to make a comment


Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2563

    Asset class: Mid & Small Cap Equities.
    Asset region: Global.
    Size: USD $130m.
    Closing date: 2019-09-27.

  • QN-2564

    Asset class: Large Cap Growth Equities.
    Asset region: Global Developed Markets.
    Size: USD $130m.
    Closing date: 2019-10-04.

  • DS-2567

    Closing date: 2019-10-02.

  • QN-2569

    Asset class: Local Currency Bonds.
    Asset region: Global Emerging Markets.
    Size: $500m.
    Closing date: 2019-10-10.

Begin Your Search Here