ITALY - Nine industry-wide Italian pension funds have issued tenders for the management of a default option that will replicate returns posted by final indemnity funds and offer capital and minimum yield guarantees.
Fonte, Fondogommaplastica, Arco, Pegaso, Fonchim, Byblos, Fondenergia, Telemaco and Concreto have all issued requests for proposals from managers to oversee this investment option. The funds wer...
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