Generali receives Bank of Italy approval for new investment boutique ThreeSixty

Generali Group's new investment boutique ThreeSixty Investments has received authorisation from the Bank of Italy to operate as an asset manager (Società di Gestione del Risparmio) under Italian law.

The new venture, a strategic partnership between Generali Group and a team of professionals led by Giordano Lombardo, will specialise in multi-asset strategies. It will serve the retail, private and institutional clients with a "distinctive and innovative investment process".

Generali Group is supporting the initiative with €1 billion strategic investment in the first fund of the partnership, which, pending product regulatory approvals, is expected to be launched in the first semester of 2020. The group aims to become one of the top five multiboutique asset managers in the world in terms of profits with this business model.

The launch of the first fund of ThreeSixty's new boutique is also expected in the first semester of 2020, pending the regulatory product approvals.

ThreeSixty has recently hired Marco Mencini, senior equity portfolio manager, to further build its investment team.

Tim Ryan, Generali Group CIO said: “We are very proud of today’s announcement, as ThreeSixty Investments will further enhance our offering with distinctive multi-asset capabilities. Leveraging the proven expertise and deep market knowledge of its founders and management team, we will be able to provide our clients with new innovative solutions aimed at meeting their return goals.”

Carlo Trabattoni, head of Generali Investments Partners, commented: “In the current market environment, our multi boutique platform has proven to properly serve our clients’ needs - whether institutional, private or retail. For this reason, ThreeSixty Investments represents a strategic development of our unique asset management model.”

Giordano Lombardo, CEO of ThreeSixty Investments, said: “We believe that the investment environment for the coming years requires a completely new approach. The aim is to employ our clients’ capital for only the best investment opportunities, without relying on traditional financial market benchmarks. With a long-term investment horizon and a careful approach to avoiding capital deterioration risk, we will be unfettered by traditional benchmark investing to focus only on the outcome for our clients.”

Lombardo added: “After obtaining regulatory approval, we are focused on the operational set up to launch our first multi-asset fund. The partnership with Generali Group, with its long-term commitment, is ideal to develop this new approach to multi-asset investing focused on outcomes.”