The Fund of Sovereign Funds has now been created. Following the experience with the Italian Strategic Fund (FSI), this new fund will be managed by Maurizio Tamagnini, and it has a precise objective: to invest in ‘Made in Italy’, in order to bankroll the large groups with the support of major international sovereign funds: Kuwait, Qatar and, according to rumors, South Korea and China.
The fund is said to be ready and it would represent a unique example (at the international level) in terms of the level of its underwriters and its strategy: it’s going to be focused on investing in Italian-made excellence. Cassa Depositi e Prestiti, which has supervised the project through Chairman Claudio Costamagna and CEO Fabio Gallia, should have a minority share in the new investors’ fund: 25%.
