A new approach to the use of open architecture is behind the introduction of fund of funds strategies at Sella Gestioni in Italy, explains Mario Baronci, who heads the selection team.
Italy’s Sella Gestioni Sgr, the asset management arm of Gruppo Banca Sella, has launched Star Collection, a multi manager fund of funds which will allow investors to be exposed to international funds and SICAVs.
Zurich has signed a distribution agreement for its Z Platform Solution with Italy’s Gruppo Banca Sella.
Italian lender Banca Sella, which recently confirmed it has completed the reorganisation process of its holding structure, is planning to shift the focus to its asset management arm Sella Gestioni.
The fund selector community has again raised the issue of fees paid for poor performance. They also debate the challenge of takeover.