Generali Gets Regulatory Approval for New Boutique Asset Manager
18 Februar 2020 - 3:32PM
Dow Jones News
By Mauro Orru
Assicurazioni Generali SpA said Tuesday that ThreeSixty
Investments SGR received approval from the Bank of Italy to operate
as an asset manager.
Generali said in April 2019 that it planned to launch the asset
manager, investing 1 billion euros ($1.08 billion) in the company's
first fund, which is expected to be launched in the first semester
of 2020.
"After obtaining regulatory approval, we are focused on the
operational set-up to launch our first multi-asset fund," said
Giordano Lombardo, chief executive of the new venture and former
CEO of Pioneer Investments.
Write to Mauro Orru at mauro.orru@wsj.com
(END) Dow Jones Newswires
February 18, 2020 09:17 ET (14:17 GMT)
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