IPE institutional market survey: Managers of Italian institutional assets 2026

July/August 2026 (Magazine)

Managers of Italian institutional assets have seen their AUM fluctuate over the past five years, most likely due to the large share of fixed-income assets, and to a lesser extent equities, held by domestic insurance companies. 

The gap between the overall figure and the assets managed on behalf of pension funds is noticeable. Pension fund assets have grown more stable, but they are about 13.5% of total institutional AUM, on account of the relatively small size of domestic pension funds. The largest manager in our survey in terms of AUM, Generali, has seen strong competition from Eurizon, owned by Intesa Sanpaolo, Italy’s largest bank, and Anima, owned by Banco BPM. Beyond the top three, competition among international managers is intense. 

Full data access 
This summary shows headline data. The full dataset includes more detailed data on individual managers and is available to subscribers at ipe.com/research. To subscribe to IPE visit ipe.com/membership and for further information about the research or to participate in future surveys, contact [e-mail].