Regulatory reforms taking shape in Italy would allow pension funds to invest in hedge funds and other alternative investments. According to a report from Hedge Fund Alert, final approval of the reforms is expected later this year or early next year.
Currently, Italian pension funds' investments are limited mostly to stocks, bonds, or cash. The regulatory reforms would allow them to invest up to 20% of their assets in hedge funds and private equity funds. Aureliano Gentilini, co-founder of PrevInvest, told Hedge Fund Alert that the 538 public pension funds in Italy have $215 billion in combined assets.
"Italy's institutional investors are eager to step up allocations to quality managers across a range of products and strategies," Gentilini said.
The regulatory reforms under consideration were crafted by the Commissione di Vigilanza Sui Fondi Pensione. The Commission worked together with industry professionals on the reforms, which are waiting on approval from the Ministry of Economics and Finance and the Ministry of Labor.
Read more about this story online from Hedge Fund Alert.
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