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BB&T Bank Palmerton branch to close in July – Times News Online

BB&T Bank Palmerton branch to close in July – Times News Online
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Italian pension funds team up for private debt allocation


Italian pension funds team up for private debt allocation
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Four Italian retirement plans are searching for a private debt manager to manage a €195 million ($236 million) allocation, according to Andrea Mariani, director at Fondo Pensione Pegaso, Rome.
Fondo Gomma Plastica, Milan, Italy; Fondo Pensione Complementare per i dipendenti del Gruppo ENEL, Rome; Fondo Pensione Pegaso; and Previmoda Fondo Pensione, Milan, will allocate €20 million, €95 million, €40 million and €40 million, respectively. The four funds have €6.5 billion in combined assets. In each portfolio private debt has a weight of between 3% and 4%, Mr. Mariani said.
The four funds have joined together to share costs and jointly access more favorable fees, according to a notice on Fondo Gomma Plastica s website. ....

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