Fon.Te tenders for €900m mandates

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ITALY - The pension fund for tourism, commerce and service sector workers (Fon.Te) launched manager searches for two of its defined contribution funds for mandates worth €900m (US$1.2bn).

The first tender is for the Garantito fund, which has €300m under management. This fund invests 95% in fixed income and 5% in equities. The second one is for its Bilanciato fund, which has €600m un...

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