Italian industry pension fund Fondo Pensione Arco appoints Paydel & Rygel to €140m mandate

Eugenia Jiménez
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Italian industry pension fund Fondo Pensione Arco appoints Paydel & Rygel to €140m mandate

Italian industry pension fund Fondo Pensione Arco has selected fixed income specialist Payden & Rygel Investment Management to run two mandates totalling €140m.

The Italian pension fund has tasked the multi-asset team of Payden & Rygel with an equity and a bond mandate.

Fondo Pensione Arco is the pension fund for Italy's wood furniture manufacturing industry.

Nicolò Piotti, managing director of Payden & Rygel, said: "We are honoured to have been selected by Arco… by offering a personalised investment solution specifically aimed at achieving the investment objectives of its members."

Payden & Rygel manages more than ten mandates for institutional investors in Italy, whose assets under management amount collectively to €1.5bn.

Eugenia Jiménez
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Eugenia Jiménez

Eugenia Jiménez speaks Spanish and is Iberia Correspondent for Investment Europe covering Spain & Portugal, as well as Italy.