Previdenza Cooperativa, Rome, is searching for up to eight fixed-income and equity managers to run a €1.5 billion ($1.7 billion) allocation, according to the defined contribution plan's website.
The plan for employees in the hydraulic and forestry industries in Italy will hire six managers for the balanced section of the portfolio. Four managers will be selected to run global multiasset bond allocations of €240 million each. A total-return global bond mandate will be awarded to one manager to also run €240 million. Also, a global equity manager will be chosen to run €140 million.
For the dynamic section of the portfolio, two managers will be hired to run global multiasset equity allocations of €85 million each.
Additional details could not be learned. Application forms can be downloaded from the retirement fund's website.