Italy's Bipiemme in fund-of-funds links with SEI

Bipiemme, the asset management arm of Banca Popolare di Milano, is set to launch a fund-of-funds with four different risk profiles investing SEI Investments Dublin-based sub-funds.

The launch of the product is set for July with Bipiemme being resposible for the overall asset allocation and SEI the manager selection and monitoring.

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