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NewsEnpam eyes bigger bets on asset managers Nextalia and Green Arrow
Italy’s largest doctors’ pension fund explores increasing holdings in private equity and alternative managers
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Country ReportCase study: Italian pension fund Enpam creates two-part investment portfolio
Doctors’ fund is repackaging assets into cash flow-matching and return-seeking parcels
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NewsEnpam targets innovative firms with €190m investment
The Italian pension fund for doctors plans to keep its private markets allocation stable, targeting 12-13% returns in private equity and 7-8% in private debt
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NewsEnpam overturns deficit forecast with €826m profit on invested assets
The scheme will end the current year with a budget surplus of €484m, a result that overturns the previous outlook of a deficit amounting to €84m
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Country ReportENPAM looks to preserve cash flow
In February 2024, the board of ENPAM, the first-pillar pension fund for doctors and dentists, approved plans for the fund to transition to an asset liability management (ALM) model that will focus on liability-driven investment (LDI).
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NewsItalian pension fund defends position in ‘banking M&A risk’ game
Enpam and Fondazione Enasarco offices were raided by Italy’s Guardia di Finanza seeking documentation relating to securities transactions
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NewsENPAM plans a further €520m investment in private markets
Italian scheme targets domestic private debt, private equity and venture capital allocations
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NewsEnpam shifts to macro portfolio strategies in new LDI approach
Italy’s largest pension scheme is splitting its assets into two macro portfolios
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NewsAmundi, Generali, Allianz among managers to join Italy’s national strategic fund
Pension funds Enpam, Arco and Prevedi are yet to decide whether to participate in the Fondo Nazionale Strategico Indiretto
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NewsItaly’s largest pension funds outperform in 2024 amid governance overhauls
Enpam surpasses targets, while Cassa Forense posts double-digit returns and Inarcassa boosts private market exposure
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NewsPension funds become embroiled in Italy’s banking M&A battles
Cassa Forense, Enasarco, Enpam and Inarcassa face questions over their stakes in Monte dei Paschi di Siena, Mediobanca, and Banco Popolare Milano (BPM)
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NewsEnpam and Fon.Te push on with private markets investments
Enpam plans to invest €290m in private equity, venture capital and private debt, while Fon.Te has earmarked €380m for private markets
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NewsItaly roundup: Enpam plans to build up global bond portfolio
Plus: Write downs hit Enasarco; Laborfonds sees sign of return to normality
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NewsEnpam to record negative results this year due to global turmoil
Doctors’ pension fund set to end the current financial year with losses of €564m
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NewsEconomists call for further regulation of Italy’s first pillar pension funds
The proposal comes as scrutiny of casse di previdenza’s investments in domestic banks intensifies
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NewsItalian pension funds in focus as strategic national fund seeks capital boost
The fund aims to raise between €1bn and €1.5bn in capital before engaging with international and large-scale investors
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NewsEuropean pension funds stick to their guns in the face of market turmoil
European pension funds hold steady but reassess their long-term strategies amid an escalating global trade war
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FeaturesHow we run our money: ENPAM
Emilio Giorgi (pictured), chief risk officer at ENPAM, Italy’s largest private pension fund, talks to Carlo Svaluto Moreolo about its commitment to investing in projects that directly benefit its members
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NewsCassa Geometri plans €150m private equity investment
The scheme will pursue buy-out and growth capital strategies, investing in primary or secondary markets





