Italian pension fund Fondenergia hedges €760m

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ITALY - Fondenergia, the pension fund for the Italian energy sector employees, has awarded a €760m (US$1.1bn) risk-overlay mandate to Feri Institutional Advisors, marking the largest institutional mandate for the advisor in Italy.

The pension fund - which manages the pension money of companies such as ENI Group, BP, Shell, Tamoil and Total - will hedge its equity and currency risks for its portfolio. Feri Institutional Ad...

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