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Laxman Pai, Opalesque Asia: Eurizon, the asset management company of Italy's Intesa Sanpaolo Group, introduced Eurizon Capital Real Asset SGR.
The new company specializes in alternative asset classes and focuses on the real economy, said a press release.
Eurizon Capital Real Asset has been co-founded by Intesa Sanpaolo's asset management and insurance divisions in a joint venture formula, 51% owned by Eurizon Capital SGR and 49% by Intesa Sanpaolo Vita.
The alternatives boutique will establish and manage mandates and alternative investment funds (AIFs) for the firm's insurance division, institutional investors, family offices and retail clients of the private banking division.
"The project will develop a unique range of alternative private market investments aimed at satisfying our private and institutional customers need for higher returns while supporting the growth of the production system with investments that directly benefit companies," said the release.
The launch comes to bolster Eurizon's asset management business while reinforcing the firm's pledges to support Italy's real economy in the wake of the successful launches of PIR and ELTIF funds, said the release.
According to Tommaso Corcos, CEO of Eurizon, the alternative assets are continuing to grow at attractive rates and we expect them to take an increasingly significant share of global savings. "Today in the Italian market this type of investment is under-penetrated i...................... To view our full article Click here
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