Arca SGR completes acquisition of Vega’s mutual funds business

Italian asset manager Arca Sgr has completed the acquisition of the mutual funds business of Vega Asset Management Sgr.

The business includes about 20 funds and was formerly known as NorVega, a joint venture between Vegagest Sgr and Nordea Investment Funds.

Meanwhile, Arca has signed a distribution agreement with Cassa di Risparmio di Ferrara, Cassa di Risparmio di Cento Spa, gruppo Cassa di Risparmio di San Miniato and gruppo Banca Popolare di Bari, partners of Vegagest Sgr.

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