Solidarieta Veneto, Venice, Italy, a 10 billion lire ($4.7 million) regional private pension fund, hired managers for the three investment options it will offer its 10,000 members, said Franco Deotti, one of the fund’s administrative staff. Unipol and Unionvita will together run a portfolio that is 90% bonds and 10% stocks; Arca will run a portfolio that will range between 10% and 30% stocks; and INVESCO will run an option with between 30% and 60% stocks.
Solidarieta Veneto, Venice, Italy, a 10 billion lire ($4.7 million)...
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