Fiduciary management comes to Italy

Polaris Investment, is set to become the first investment firm in Italy to offer fiduciary management

Polaris Investment, the fund manager for the Cariplo charitable foundation in Italy, is set to become the first investment firm in the country to offer a new kind of whole-portfolio management that is catching on fast across Europe.

Fiduciary management, as it is known, first caught on in the Netherlands in the early 2000s and now accounts for about half that country's €650bn ($823bn) pensions industry.

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