Italian schemes switching to cash

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ITALY - Italian pension schemes are asking fund managers to switch to low volatility cash-like instruments that can be liquidated quickly, MandateWire reports.

It said the EUR252m (US$325m) Ente Nazionale Previdenza e Assistenza dei Veterinari (ENPAV), a pension fund for veterinaries, will in 2009 concentrate on products with low volatility that can be li...

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