Italy's Generali to invest €1bn in new asset management company ThreeSixty Investments

Italian insurer Generali Group is creating a new asset management company, called ThreeSixty Investments, with an investment of €1 billion in the first fund as strategic capital.

The new venture will develop multi-asset strategies, with a distinctive and innovative investment process, to serve the needs of both private and institutional clients.

Generali Group will hold a majority stake of ThreeSixty Investments in partnership with a team of professionals led by Giordano Lombardo, former CEO of Pioneer Investments.

The new asset management company will run its strategy and operations independently, fully leveraging both on the partners’ expertise and entrepreneurial mindset, and on Generali’s scale and global reach.

It will be headquartered in Milan and operate, once obtained the due licenses, as an asset management company (società di gestione del risparmio) under Italian law.

Generali said the partnership will represent an important milestone in the execution of its asset management strategy.

“Multi-asset strategies continue to be on the rise as they provide simple solutions for income seeking and wealth building clients. In a complex world to navigate through for investors, I wanted to partner with best in class professionals in this field of multi assets,” said Tim Ryan, CEO of Generali Asset Management.

Carlo Trabattoni, head of Generali Investments Partners, added: “The main objective of the partnership is to build high quality products for clients - whether institutional or private - with a very clear positioning on the market. We believe that the distinctive multi-asset strategy that is being developed by the new asset management company is fully responding to this ambition.”

Lombardo, CEO of ThreeSixty Investments, said: “We believe that the future of active asset management lies in a new, integrated approach, beyond the distinction between traditional and alternative assets. Our aim is to align completely to the goals of investors, integrating all sources of return in a common total return framework. The partnership with Generali, with its long-term commitment, is ideal to build a new approach to multi-asset investing.”

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