The multi-billion Cassa Nazionale di Previdenza dei Dottori Commercialisti (CNPADC) in Rome has given a hefty UCITS mandate to Kairos Partners in Milan. The segregated account is the largest of all their allocations.
Although the pension fund for charted accountants is a DB scheme it has operated a DC element since 2004, largely because it is considered a young retirement fund with a high number of members aged 35 to 45. It is one of the larger and more active public pension funds in Italy having already invested in UCITS previously.
Kairos Partners, which has $7 billion, is