Rothschild Europe partners with University of Parma to monitor real estate
Banque Privée Edmond de Rothschild Europe has announced a partnership with the economics department at the University of Parma, Northern Italy.
According to the partnership, the two institutions will publish reports on the performance of real estate funds domiciled in Italy.
At the end of 2011, Rothschild said, 30 asset management companies were marketing about 200 real estate funds, with overall €45bn assets under management.
The bank’s strategy is to become a leading player as custodian bank on Italy’s real estate market.
Economists at the university will collect and elaborate data on real estate funds, and results will be published at the end of each semester.
The initiative will be headed by Claudio Cacciamani, professor of finance at the university.
Banque Privée Edmond de Rothschild Europe launched in Italy in 2007, where it operates as custodian bank and funds administrator for both real estate and hedge and private equity funds.