Cometa completes asset manager overhaul

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ITALY - The €5.2bn (US$6.4bn) Fondo Cometa has hired nine managers and completed the renewal of mandates for its Monetario Plus, Reddito and Crescita sub-funds due to expire this year.

Allianz Global Investors will actively manage a €670m active balanced portfolio comprising equities and fixed income. Amundi was awarded €615m in active global fixed income, while Eurizon and Gener...

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