Eurizon Capital SGR

The Equity Research & Portfolio Management team brings together experienced portfolio managers and analysts with deep sectoral and geographical expertise. Investment strategies are actively managed through a disciplined process that combines top-down analysis of the global macroeconomic cycle with bottom-up research into the fundamentals of listed companies.
By rigorously evaluating individual businesses, the team identifies the most compelling opportunities in terms of valuation and earnings growth potential. This process is supported by proprietary fundamental analysis models, complemented by high-quality external research.

The team is led by Francesco Sedati.

The Responsible Investments & Stewardship team is tasked with the diffusion and implementation of Socially Responsible Investments (SRI), promoting the integration of Environmental Social and Governance factors (ESG) into the investment process, and is responsible for the development and implementation of company ESG and SRI policies and guidelines, as well as for the correct running of all the related operational processes, in coordination with both the Company’s internal functions and with the competent Group functions.
The team supervises the correct and efficient conduct of activities tied to the exercise of voting rights for the shareholdings pertaining to the assets managed by the Company, and guarantees engagement with relevant issuers on corporate governance, environmental and social themes.
The team is led by Alessandro Solina.

The Fixed Income & FX team is composed of portfolio managers and analysts specialized on issuer and financial instrument type (money markets, government bonds, emerging markets bonds, corporate bonds and currencies).
Fixed income funds follow an approach that combines top-down and bottom-up analyses.
The investment process of government bonds products is typically top-down, that is based on the analysis of valuation models aggregated for market typology and based on the expected course of economic cycle, interest rates and inflation. Allocation decisions in terms of portfolio duration, exposure to single countries and various maturities of the yield curve derive from these analyses.
The investment process of non government bonds products combines the economic cycle analysis (top-down approach) to the in-depth study of single companies (bottom-up approach), with the aim of assessing issuers’ credit risk.
The team is led by Paolo Bernardelli.

The team develops and manages quantitative portfolio construction methodologies, is in charge of both institutional and individual wealth management, as well as of sustainable strategies and selecting third-party funds.
Strategic and tactical asset allocation portfolios are geared both to supporting internal investment processes and to providing advice for external clients. In addition, the team works on the elaboration and implementation of ex-ante simulation methodologies for investment products and services.
Wealth management is based on a distribution of assets among different macro classes. Fund managers, as part of their mandate and in function of the different investment profiles, make tactical asset allocation choices for the individual components based on macroeconomic, fundamentals, and technical analyses.
Sustainable strategies provide for both the management of portfolios based on financial sustainability or ESG logics, and the monitoring of issuers with respect to ESG and SRI themes. The selection of third-company mangers is made based on a strict quantitative analysis of the performances and risk profiles of the various funds, and on direct and deep qualitative knowledge of the asset managers, with the aim of identifying the best solutions for the management of multimanager products.
The team is led by Claudio Marchetti

The Credit Strategies is composed of portfolio managers and analysts specialized in non conventional investments. The team primary focus is the investments on private markets both performing and non performing (bilateral or syndicated), real estate debt, structured finance and infrastructures.
The strategic asset allocation, typically with a top down approach, is implemented via the selection of eligible assets after a scrupulous bottom up due diligence. The team makes use and develops software and internal models that are placed side by side to the reference markets main tools and platforms.
The team is led by Massimo Spadotto

The team coordinates market and macroeconomic analyses, suggests the reference macroeconomic scenario and supports management teams with the implementation of investment guidelines, tactical decisions and portfolios’ asset allocation.
The team is led by Andrea Conti