Italian funds set for March opening

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ITALY - The Italian pension fund regulator, the Commissione di Vigilanza sui Fondi Pensione (Covip), is set to give its approval to the operation of two new pension funds.

Sabrina Ruggiero, manager of the Alitalia pension fund, said that the two new Alitalia pension funds, Fondav and Mercurio, should receive operational approval from Covip within the next two months....

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