By Nathan Allen

Italy's Assicurazioni Generali SpA (G.MI) said Thursday that it plans to launch a boutique asset-management company named ThreeSixty Investments.

Generali said it plans to invest 1 billion euros ($1.13 billion) in the company's first fund.

ThreeSixty will be a partnership between Generali, which will hold a majority stake, and several professional investment managers, including the former chief executive of Pioneer Investments, Giordano Lombardo.

The company will focus on multi-asset strategies for private and institutional clients, Generali said.

Write to Nathan Allen at nathan.allen@dowjones.com

(END) Dow Jones Newswires

April 11, 2019 02:01 ET (06:01 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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