Sections

Northern Trust in e125m Italian multi-manager win

ITALY – Northern Trust Global Investments (NTGI) has won a mandate to run four €125m seeded mutual funds for Italian banking group, Mediolanum.

The funds, based in Dublin, are to be run on a manager of manager basis. They comprise global equities, global equities aggressive, global balanced and European bonds.

Stephen Potter, head of NTGI in Europe, comments: "We have long recognised the role of the multi-manager approach. The investment market in Italy has changed dramatically over the past two years and we are delighted to be working with a business that has such a strong track record and reputation in its field."

Mario Noera, chief of Mediolanum Asset Management, says : "We are seeing increasing demand from our clients for a broader range of investment products. We strongly endorse the multi-manger investment approach and believe it has a very substantial role to play in investment provision in Italy."

Mediolanum, listed on the Milan Stock Exchange, provides financial services solutions to individuals, from a range of insurance, pensions, savings and investments products. It has over 680,000 individual customers, with total assets under management of €20bn.

Have your say

You must sign in to make a comment

IPE QUEST

Your first step in manager selection...

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

  • QN-2466

    Asset class: Multi-asset funds.
    Asset region: Global.
    Size: EUR 30m.
    Closing date: 2018-08-16.

  • QN-2467

    Asset class: Search for a broker (mainly ETFs).
    Asset region: Global.
    Size: 250m.
    Closing date: 2018-08-28.

  • DS-2468

    Closing date: 2018-08-24.

Begin Your Search Here