Launches & Closures

Italian family offices line up to back Morchio's Alkimis launch with €100m


A number of well-known family offices have backed the launch of Massimo Morchio's Alkimis, enabling the global long/short fund to launch in December with assets of €100 million.

Morchio was previously CIO at RAS, Italy's second largest insurer, where he ran over €40 billion in long-only assets. He left two years ago in the wake of the company's takeover by Allianz.

Alkimis is an onshore Italian SGR - an asset management company authorised by the Banca d'Italia - and runs both the hedge fund and a UCITS III fund with a corresponding strategy.

Morchio heads up a team which also worked