{"id":19128,"date":"2025-11-11T11:05:42","date_gmt":"2025-11-11T10:05:42","guid":{"rendered":"https:\/\/www.fondazionecrt.it\/la-fondazione\/gestione-del-patrimonio\/"},"modified":"2026-07-08T13:02:08","modified_gmt":"2026-07-08T11:02:08","slug":"asset-management","status":"publish","type":"page","link":"https:\/\/www.fondazionecrt.it\/en\/who-we-are\/asset-management\/","title":{"rendered":"Asset Management"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"19128\" class=\"elementor elementor-19128 elementor-16291\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b4b6921 elementor-hidden-desktop elementor-hidden-tablet elementor-section-boxed elementor-section-height-default elementor-section-height-default exad-glass-effect-no exad-sticky-section-no\" data-id=\"b4b6921\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-54c8ec5 exad-glass-effect-no exad-sticky-section-no\" data-id=\"54c8ec5\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-22427ec exad-sticky-section-no exad-glass-effect-no elementor-widget elementor-widget-heading\" data-id=\"22427ec\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-medium\">Asset Management<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t<div class=\"elementor-element elementor-element-2971c14 chi-siamo-subHead e-flex e-con-boxed e-con e-parent\" data-id=\"2971c14\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;sticky&quot;:&quot;top&quot;,&quot;sticky_on&quot;:[&quot;desktop&quot;,&quot;tablet&quot;],&quot;sticky_offset&quot;:64,&quot;sticky_effects_offset&quot;:0,&quot;sticky_anchor_link_offset&quot;:0}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7816677 elementor-hidden-mobile exad-sticky-section-no exad-glass-effect-no elementor-widget elementor-widget-spacer\" data-id=\"7816677\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-4e76c12 e-con-full secNav e-flex e-con e-child\" data-id=\"4e76c12\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e79e57f item exad-sticky-section-no exad-glass-effect-no elementor-widget elementor-widget-heading\" data-id=\"e79e57f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-default\"><a href=\"https:\/\/www.fondazionecrt.it\/en\/who-we-are\/\">Who we are<\/a><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2acfdc0 item exad-sticky-section-no exad-glass-effect-no elementor-widget elementor-widget-heading\" data-id=\"2acfdc0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-default\"><a href=\"https:\/\/www.fondazionecrt.it\/en\/who-we-are\/our-history\/\">Our history<\/a><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9db8689 item exad-sticky-section-no exad-glass-effect-no elementor-widget elementor-widget-heading\" data-id=\"9db8689\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-default\"><a href=\"https:\/\/www.fondazionecrt.it\/en\/who-we-are\/staff-and-organization\/\">Staff and Organization<\/a><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-860c5f3 item exad-sticky-section-no exad-glass-effect-no elementor-widget elementor-widget-heading\" data-id=\"860c5f3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-default\"><a href=\"https:\/\/www.fondazionecrt.it\/en\/who-we-are\/governance\/\">Governance<\/a><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7ec23a5 item exad-sticky-section-no exad-glass-effect-no elementor-widget elementor-widget-heading\" data-id=\"7ec23a5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-default\"><a href=\"https:\/\/www.fondazionecrt.it\/en\/who-we-are\/documents\/\">Documents<\/a><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d2814c6 item exad-sticky-section-no exad-glass-effect-no elementor-widget elementor-widget-heading\" data-id=\"d2814c6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-default\"><a href=\"https:\/\/www.fondazionecrt.it\/en\/who-we-are\/asset-management\/\">Asset Management<\/a><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-6bedc03 e-flex e-con-boxed e-con e-parent\" data-id=\"6bedc03\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-91f08cd e-con-full e-flex e-con e-child\" data-id=\"91f08cd\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e37c40b exad-sticky-section-no exad-glass-effect-no elementor-widget elementor-widget-heading\" data-id=\"e37c40b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><a href=\"https:\/\/www.fondazionecrt.it\/en\/who-we-are\/asset-management\/\">Asset Management\u200b<\/a><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-532a832 elementor-widget__width-inherit exad-sticky-section-no exad-glass-effect-no elementor-widget elementor-widget-text-editor\" data-id=\"532a832\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The Foundation predominantly adopts a <strong>direct asset management approach<\/strong>, entrusted to its internal operational structure, which is responsible for managing strategic investments, the trading portfolio and treasury activities.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-8669b49 e-flex e-con-boxed e-con e-parent\" data-id=\"8669b49\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-bd3e717 e-con-full e-flex e-con e-child\" data-id=\"bd3e717\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1e12724 elementor-widget__width-initial exad-sticky-section-no exad-glass-effect-no elementor-widget elementor-widget-image\" data-id=\"1e12724\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"800\" height=\"636\" src=\"https:\/\/www.fondazionecrt.it\/wp-content\/uploads\/2025\/11\/gestione-del-patrimonio-1024x814.jpg\" class=\"attachment-large size-large wp-image-16298\" alt=\"\" srcset=\"https:\/\/www.fondazionecrt.it\/wp-content\/uploads\/2025\/11\/gestione-del-patrimonio-1024x814.jpg 1024w, https:\/\/www.fondazionecrt.it\/wp-content\/uploads\/2025\/11\/gestione-del-patrimonio-300x239.jpg 300w, https:\/\/www.fondazionecrt.it\/wp-content\/uploads\/2025\/11\/gestione-del-patrimonio-768x611.jpg 768w, https:\/\/www.fondazionecrt.it\/wp-content\/uploads\/2025\/11\/gestione-del-patrimonio.jpg 1212w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-ca10bed e-con-full e-flex e-con e-child\" data-id=\"ca10bed\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-0b7abd4 elementor-widget__width-initial exad-sticky-section-no exad-glass-effect-no elementor-widget elementor-widget-text-editor\" data-id=\"0b7abd4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Indirect management mainly concerns investments in alternative funds, including <strong>private equity<\/strong>, <strong>private debt<\/strong>, and the <strong>infrastructure<\/strong> and <strong>real estate<\/strong> sectors.<\/p><p>The Foundation relies on the expertise of external advisors, selected on the basis of their specific competencies, to support the definition of its investment strategies.<\/p><p>The <strong>Articles of Association<\/strong> and the <strong>Asset Management Regulations<\/strong> define the roles, responsibilities and competencies of the Foundation\u2019s governing bodies and internal structure.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-3d1af9f e-flex e-con-boxed e-con e-parent\" data-id=\"3d1af9f\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-9f21e96 elementor-widget__width-initial elementor-widget-mobile__width-inherit exad-sticky-section-no exad-glass-effect-no elementor-widget elementor-widget-heading\" data-id=\"9f21e96\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Investment Performance<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7eddf3b elementor-widget-divider--view-line exad-sticky-section-no exad-glass-effect-no elementor-widget elementor-widget-divider\" data-id=\"7eddf3b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-925d433 e-flex e-con-boxed e-con e-parent\" data-id=\"925d433\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-73270cb e-con-full e-flex e-con e-child\" data-id=\"73270cb\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3b20132 exad-sticky-section-no exad-glass-effect-no elementor-widget elementor-widget-image\" data-id=\"3b20132\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"800\" height=\"448\" src=\"https:\/\/www.fondazionecrt.it\/wp-content\/uploads\/2025\/12\/grafico-patrimonio-1024x573.jpg\" class=\"attachment-large size-large wp-image-17173\" alt=\"\" srcset=\"https:\/\/www.fondazionecrt.it\/wp-content\/uploads\/2025\/12\/grafico-patrimonio-1024x573.jpg 1024w, https:\/\/www.fondazionecrt.it\/wp-content\/uploads\/2025\/12\/grafico-patrimonio-300x168.jpg 300w, https:\/\/www.fondazionecrt.it\/wp-content\/uploads\/2025\/12\/grafico-patrimonio-768x430.jpg 768w, https:\/\/www.fondazionecrt.it\/wp-content\/uploads\/2025\/12\/grafico-patrimonio.jpg 1400w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-917fc16 e-con-full e-flex e-con e-child\" data-id=\"917fc16\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2692d21 elementor-widget__width-inherit elementor-widget-mobile__width-inherit exad-sticky-section-no exad-glass-effect-no elementor-widget elementor-widget-text-editor\" data-id=\"2692d21\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The period <strong>2020\u20132024<\/strong> reflects a sustained process of asset consolidation, with the Foundation\u2019s assets rising to <strong>\u20ac2.69 billion<\/strong>, accompanied by strong growth in investment returns. Ordinary income as a percentage of the Foundation\u2019s assets recorded an extraordinary acceleration, increasing from <strong>3% in 2020<\/strong> to approximately <strong>12% in 2024<\/strong>, marking a record result for the institution.<\/p><p>This financial strength translates directly into the Foundation\u2019s ability to generate value for the community. <strong>Net income<\/strong> followed a similarly positive trajectory, reaching its highest level in the last year at <strong>9.5% of net assets<\/strong>.<\/p><p>Over just five years, performance has doubled, enabling the Foundation to consistently support the social, cultural and economic development of the region.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div data-dce-background-color=\"#FFFFFF\" class=\"elementor-element elementor-element-fd64825 elementor-align-justify exad-sticky-section-no exad-glass-effect-no elementor-widget elementor-widget-button\" data-id=\"fd64825\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/fondazionecrtit.sharepoint.com\/sites\/ComunicazioneFondazioneCRT\/Documenti%20condivisi\/Forms\/AllItems.aspx?id=%2Fsites%2FComunicazioneFondazioneCRT%2FDocumenti%20condivisi%2FDOCUMENTI%20SITO%20WEB%2FBILANCI%20E%20DOCUMENTAZIONE%2FFCRT%5FBilancio%20Consuntivo%202024%2Epdf&#038;parent=%2Fsites%2FComunicazioneFondazioneCRT%2FDocumenti%20condivisi%2FDOCUMENTI%20SITO%20WEB%2FBILANCI%20E%20DOCUMENTAZIONE&#038;p=true&#038;ga=1\" rel=\"nofollow noopener\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Download the 2024 Annual Financial Statements<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-676d126 e-flex e-con-boxed e-con e-parent\" data-id=\"676d126\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-18f0910 e-grid e-con-boxed e-con e-child\" data-id=\"18f0910\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-79305f7 e-con-full e-flex e-con e-child\" data-id=\"79305f7\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-58094c7 exad-sticky-section-no exad-glass-effect-no elementor-widget elementor-widget-heading\" data-id=\"58094c7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">\u20ac2.69 billion<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3174c62 elementor-icon-list--layout-inline elementor-list-item-link-full_width exad-sticky-section-no exad-glass-effect-no elementor-widget elementor-widget-icon-list\" data-id=\"3174c62\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items elementor-inline-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-inline-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-arrow-right\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Net Assets as at 31 December 2024<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-e3ff291 e-con-full e-flex e-con e-child\" data-id=\"e3ff291\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5c21e31 exad-sticky-section-no exad-glass-effect-no elementor-widget elementor-widget-heading\" data-id=\"5c21e31\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">\u20ac4.54 billion<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-24d2673 elementor-icon-list--layout-inline elementor-list-item-link-full_width exad-sticky-section-no exad-glass-effect-no elementor-widget elementor-widget-icon-list\" data-id=\"24d2673\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items elementor-inline-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-inline-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-arrow-right\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Financial Investments (at market value as at 31 December 2024)<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-3bac318 e-con-full e-flex e-con e-child\" data-id=\"3bac318\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-670b6a4 exad-sticky-section-no exad-glass-effect-no elementor-widget elementor-widget-heading\" data-id=\"670b6a4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">9.5% Net Income<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9492bb9 elementor-icon-list--layout-inline elementor-list-item-link-full_width exad-sticky-section-no exad-glass-effect-no elementor-widget elementor-widget-icon-list\" data-id=\"9492bb9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items elementor-inline-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-inline-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-arrow-right\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Relative to Net Assets as at 31 December 2024<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-b5e7828 e-flex e-con-boxed e-con e-parent\" data-id=\"b5e7828\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-fa1b6b5 elementor-widget__width-initial elementor-widget-mobile__width-inherit exad-sticky-section-no exad-glass-effect-no elementor-widget elementor-widget-heading\" data-id=\"fa1b6b5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Asset Allocation<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f5b3aaa elementor-widget-divider--view-line exad-sticky-section-no exad-glass-effect-no elementor-widget elementor-widget-divider\" data-id=\"f5b3aaa\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-c11b4cb e-flex e-con-boxed e-con e-parent\" data-id=\"c11b4cb\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-f277990 e-con-full e-flex e-con e-child\" data-id=\"f277990\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-35b43cc elementor-widget__width-inherit elementor-widget-mobile__width-inherit exad-sticky-section-no exad-glass-effect-no elementor-widget elementor-widget-text-editor\" data-id=\"35b43cc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The Foundation\u2019s investment strategy is reflected in a diversified portfolio, featuring a strong presence in major international players and strategic financial assets.<\/p><p>Its main strategic holding is the <strong>contributing bank<\/strong>, in which the Foundation holds a <strong>2.2% stake<\/strong>. Other significant investments include shareholdings in <strong>Assicurazioni Generali<\/strong> (<strong>1.9%<\/strong>) and <strong>Mundys<\/strong> (<strong>5.2%<\/strong>), one of the world\u2019s leading infrastructure operators.<\/p><p>Additional key investments include a stake in <strong>Cassa Depositi e Prestiti<\/strong>, a substantial component dedicated to supporting local development, and a liquid and diversified portfolio designed to balance capital preservation with a steady stream of returns to sustain the Foundation\u2019s institutional activities.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-5cbb605 e-con-full e-flex e-con e-child\" data-id=\"5cbb605\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-85bef9b exad-sticky-section-no exad-glass-effect-no elementor-widget elementor-widget-image\" data-id=\"85bef9b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"544\" height=\"345\" src=\"https:\/\/www.fondazionecrt.it\/wp-content\/uploads\/2026\/01\/portafogli.png\" class=\"attachment-large size-large wp-image-17514\" alt=\"\" srcset=\"https:\/\/www.fondazionecrt.it\/wp-content\/uploads\/2026\/01\/portafogli.png 544w, https:\/\/www.fondazionecrt.it\/wp-content\/uploads\/2026\/01\/portafogli-300x190.png 300w\" sizes=\"(max-width: 544px) 100vw, 544px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-f2433a3 e-flex e-con-boxed e-con e-parent\" data-id=\"f2433a3\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-ddbe35f e-con-full e-flex e-con e-child\" data-id=\"ddbe35f\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-defbc99 elementor-widget__width-initial elementor-widget-mobile__width-inherit exad-sticky-section-no exad-glass-effect-no elementor-widget elementor-widget-heading\" data-id=\"defbc99\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">ESG Principles in the Foundation\u2019s Investment Funds<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7ef55d0 elementor-widget__width-initial elementor-widget-mobile__width-inherit exad-sticky-section-no exad-glass-effect-no elementor-widget elementor-widget-text-editor\" data-id=\"7ef55d0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Fondazione CRT promotes the economic and social development of <strong>Piedmont<\/strong> and the <strong>Aosta Valley<\/strong> through a progressive integration of <strong>ESG (Environmental, Social and Governance)<\/strong> principles into its investment policy. The Foundation believes that environmental, social and governance factors have a significant impact on the long-term performance of investments and therefore considers them an integral part of a sustainable and responsible approach to asset management.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-7c972d5 e-flex e-con-boxed e-con e-parent\" data-id=\"7c972d5\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b875487 elementor-widget-divider--view-line exad-sticky-section-no exad-glass-effect-no elementor-widget elementor-widget-divider\" data-id=\"b875487\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6e4b9fa elementor-widget__width-initial elementor-widget-mobile__width-inherit exad-sticky-section-no exad-glass-effect-no elementor-widget elementor-widget-heading\" data-id=\"6e4b9fa\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Articles of Association and Asset Management Regulations<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-7d5a582 e-flex e-con-boxed e-con e-parent\" data-id=\"7d5a582\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-a2a5948 e-con-full e-flex e-con e-child\" data-id=\"a2a5948\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-435e693 elementor-widget__width-inherit exad-sticky-section-no exad-glass-effect-no elementor-widget elementor-widget-text-editor\" data-id=\"435e693\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The <strong>Articles of Association<\/strong> and the <strong>Asset Management Regulations<\/strong> define the roles, responsibilities and competencies of the Foundation\u2019s governing bodies and internal structure.<\/p><p>The <strong>Board of Governors<\/strong> establishes the general guidelines and overall objectives for asset management and investment policy, ensuring consistency with the Foundation\u2019s mission and nature, and provides the framework for determining the <strong>Strategic Asset Allocation<\/strong>.<\/p><p>The <strong>Board of Directors<\/strong> is responsible for operational management decisions, in accordance with the principles and criteria established by the Board of Governors.<\/p><p>The Foundation\u2019s Regulations set out the objectives and criteria governing asset management, identify areas of responsibility and define the procedures and methods through which the Foundation\u2019s assets are managed.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d073717 elementor-align-justify exad-sticky-section-no exad-glass-effect-no elementor-widget elementor-widget-button\" data-id=\"d073717\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/www.fondazionecrt.it\/wp-content\/uploads\/2025\/03\/06-regpatrimonio-20250212.pdf\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Go to the Regulations<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Who we are Our history Staff and Organization Governance Documents Asset Management Asset Management\u200b The Foundation predominantly adopts a direct asset management approach, entrusted to its internal operational structure, which is responsible for managing strategic investments, the trading portfolio and treasury activities. Indirect management mainly concerns investments in alternative funds, including private equity, private debt, [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":4732,"parent":17899,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"page-tag":[],"class_list":["post-19128","page","type-page","status-publish","has-post-thumbnail","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.fondazionecrt.it\/en\/wp-json\/wp\/v2\/pages\/19128","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fondazionecrt.it\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.fondazionecrt.it\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.fondazionecrt.it\/en\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fondazionecrt.it\/en\/wp-json\/wp\/v2\/comments?post=19128"}],"version-history":[{"count":5,"href":"https:\/\/www.fondazionecrt.it\/en\/wp-json\/wp\/v2\/pages\/19128\/revisions"}],"predecessor-version":[{"id":19495,"href":"https:\/\/www.fondazionecrt.it\/en\/wp-json\/wp\/v2\/pages\/19128\/revisions\/19495"}],"up":[{"embeddable":true,"href":"https:\/\/www.fondazionecrt.it\/en\/wp-json\/wp\/v2\/pages\/17899"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fondazionecrt.it\/en\/wp-json\/wp\/v2\/media\/4732"}],"wp:attachment":[{"href":"https:\/\/www.fondazionecrt.it\/en\/wp-json\/wp\/v2\/media?parent=19128"}],"wp:term":[{"taxonomy":"page-tag","embeddable":true,"href":"https:\/\/www.fondazionecrt.it\/en\/wp-json\/wp\/v2\/page-tag?post=19128"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}