Italy's Generali has announced its plans to launch an Italian asset management boutique in collaboration with several investment managers.
ThreeSixty Investments will be a partnership between Generali, which will hold a majority stake, and many professional investment managers, including former CEO of Pioneer Investments Giordano Lombardo.
Mauro Ratto, senior investment professional, expert in fixed income and emerging markets strategies; Diego Franzin, senior investment professional, expert in equity strategies; and Robert Richardson, experienced executive in the asset management industry, will also hold a minority stake of the new venture.
Generali said it was planning to invest€1bnin the manager's first fund.
The new boutique, headquartered in Milan, will focus on multi-asset strategies for private and institutional clients and will run its strategy and operations independently.
Giordano Lombardo, CEO of ThreeSixty Investments, said: "We believe that the future of active asset management lies in a new, integrated approach, beyond the distinction between traditional and alternative assets. Our aim is to align completely to the goals of investors, integrating all sources of return in a common total return framework."