Key Takeaways
- • Italian pension fund Cometa has put out to tender €1.2bn in active mandates as part of an effort to diversify its roughly €11bn portfolio.
- • The primary source is a short IPE news item whose body text is largely limited to the headline and publisher boilerplate, so mandate managers, asset classes and selection timelines cannot be confirmed from it.
- • IPE's related coverage reports that Publica has tendered €2bn in corporate bonds mandates via IPE Quest, a separate institutional tender that indicates active institutional demand for externally managed fixed income.
Summary
Cometa, the Italian pension fund for workers in the metalworking and mechanical engineering sectors, has launched a tender for €1.2bn in active investment mandates, according to Investment & Pensions Europe (IPE). The move is aimed at diversifying a portfolio of approximately €11bn, the headline states. The primary source provides limited detail beyond the headline, so the specific asset classes, mandate structures, eligibility criteria and submission deadlines for the tender could not be verified from the available material.
IPE notes in a related reference that Publica has tendered €2bn in corporate bonds mandates through IPE Quest, its tender platform. Taken together, the two stories point to active institutional allocators in continental Europe running sizeable external manager searches in the current cycle. Allocators and asset managers tracking mandate flows should monitor the Cometa process for details on the target mandate types and the timing of award decisions.
No additional supplemental reporting on the Cometa tender was available to corroborate or extend the primary account.
IPE notes in a related reference that Publica has tendered €2bn in corporate bonds mandates through IPE Quest, its tender platform. Taken together, the two stories point to active institutional allocators in continental Europe running sizeable external manager searches in the current cycle. Allocators and asset managers tracking mandate flows should monitor the Cometa process for details on the target mandate types and the timing of award decisions.
No additional supplemental reporting on the Cometa tender was available to corroborate or extend the primary account.
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