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Italian industry pension fund Fonchim appoints Credit Suisse AM to €260m mandate

Italian industry pension fund Fonchim appoints Credit Suisse AM to €260m mandate
  • Eugenia Jiménez
  • Eugenia Jiménez
  • @eugeniajjimenez
  • 25 February 2020
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Italian pension fund Fonchim has selected Credit Suisse Asset Management to manage €260m through a balanced passive strategy in the fund's growth segment on behalf of the Italian scheme.  

Fonchim is the pension fund for the chemical sector in Italy whose assets under management sit around €6.8bn.

Related articles

  • Italian telecoms pension fund selects Payden & Rygel to €250m bonds mandate
  • Italian industry pension fund Fon.Te appoints Paydel & Rygel to €230m mandate
  • Credit Suisse AM expands management team in Italy
  • Credit Suisse nabs ex-iShares veteran as head of asset management in Italy

The mandate will be managed by Credit Suisse AM's balanced solutions team based in Milan, which specialises in multi-asset strategies.

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