Allianz wins Cometa mandate

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ITALY - The mechanical industry pension fund Cometa has appointed Allianz Global Investors to run an additional €406m (US$646m) of assets to the existing absolute return mandate managed by one of its affiliates.

Cometa is the largest occupational pension fund in Italy, with total assets of around €3.5bn. Its members are mostly workers in the mechanical industry. The Absolute Return Protection strategy w...

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