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The Italian Asset management industry from the fund managers’ perspective

Enrica Bolognesi
December 2009 - n°12
Jel codes: G11, G18, G21

This paper examines the characteristics and the critical aspects of the Italian Asset management industry. It reports the results of interviews conducted with 21 mutual fund managers working in 10 of the most important Italian asset management companies.The focus is mainly on the relationship between the funds management and the distribution system, the incentives to the managers, the benchmark selection and its efficiency, the factors influencing actively managed mutual funds.