ITALY - Non-Italian fund managers are being frozen out of Italy's new pensions market as Italian-owned management companies take the lion's share of mandates from the new contractual pension funds which have been set up by various industries, professions, geographical regions and companies.
The institutional asset management arm of the Italian bank, SanPaolo IMI, has picked up the most so far, having been hired to manage 12 portfolios by different pension funds. Its nearest rival is t...
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