Luigi Serenelli

2 weeks ago | ipe.com | Luigi Serenelli

Previndai, the €15bn Italian industry-wide pension fund for company managers, has no plans to adjust its investment strategy in response to Europe’s growing focus on defence spending. A spokesperson for the fund told IPE that “no changes to the strategic asset allocation are expected in relation to the announced European ‘rearmament’ plan”. Previndai manages its sub-funds through a multi-year strategic asset allocation, which is reviewed on an annual basis.

2 weeks ago | ipe.com | Luigi Serenelli

Fondo Gomma Plastica, Fopen, Pegaso and Previmoda are adding to the €215m invested in private credit so far through Progetto Zefiro, a pooled portfolio managed by StepStone The private credit-focused consortium of Italian pension funds, known as ‘Progetto Zefiro’ (Project Zephyr) is turning to the European Long-Term Investment Fund (ELTIF) market for the new round of commitments to the project.

2 weeks ago | ipe.com | Luigi Serenelli

Swiss pension funds are increasingly looking to invest in the domestic economy through private equity, although a limited range of vehicles and regulatory barriers continue to constrain capital flows into growing local companies.

2 weeks ago | ipe.com | Luigi Serenelli

Metzler Sozialpartner Pensionsfonds will offer pure defined contribution (DC) plans to employees in the private bus sector, extending the reach of its existing social partner model through a ‘docking’ strategy that could open the door to wider adoption across industries. The latest arrangement involves trade union Ver.di and Baden-Württembergischer Omnibusunternehmen e. V. (WBO), the association representing around 350 private bus operators in Baden-Württemberg.

3 weeks ago | ipe.com | Luigi Serenelli

At the start of 2024, volatility in equity markets and a turning point in German fiscal policy sent ripples through bond markets. The spectre of a resurgence of inflation further underlined the value of sound asset management for German corporate pension schemes – particularly those able to diversify investment strategies while remaining focused on long-term liabilities.