# Gas Natural Fenosa Pension Fund

Gas Natural Fenosa Pension Fund is a Pension Fund based in Madrid, Spain.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Madrid, Spain
- **Region:** Europe
- **Address:** Madrid, Spain
- **Assets under management:** Undisclosed
- **Website:** https://www.naturgy.com
- **LinkedIn:** https://es.linkedin.com/company/gas-natural-fenosa

## Regulatory record

- **Reports private funds:** No

## About

Gas Natural Fenosa Pension Fund is a private sector pension fund based in Madrid, Spain. It manages approximately $287.55 million in assets across two funds, primarily focused on Europe.

## Sectors

- Real Estate

## People

- Naturgy Energy Group, S.A. — Sponsoring Employer

## Questions

### Who manages the Gas Natural Fenosa Pension Fund's assets?

Fonditel serves as the dedicated pension fund manager. Fonditel is historically linked to the management of both Telefónica's and Naturgy's employee pension plans in Spain, operating as a specialized manager of occupational schemes for large Spanish industrial employers.

### What is the fund's relationship with Naturgy Energy Group?

Naturgy Energy Group, S.A. — formerly Gas Natural Fenosa — is the sponsoring employer. The pension fund exists to manage the retirement obligations for Naturgy's workforce. It is a closed, single-sponsor occupational vehicle, not a multi-employer or open commercial pension scheme.

### What role does the Naturgy Foundation play in relation to the pension fund?

The Naturgy Foundation (Fundación Naturgy) is the corporate social responsibility and philanthropic vehicle of the sponsoring employer. It is structurally separate from the pension fund assets and has no fiduciary overlap with the retirement plan's investment management.

### Is Isidro Fainé Casas involved in the pension fund's governance?

Fainé is not directly cited as a trustee of the pension fund. He serves as Honorary Chairman of Naturgy and Chairman of CriteriaCaixa. His influence is exerted at the level of the sponsoring employer's boardroom, not through day-to-day allocation decisions at the fund level.

## Related profiles

- [Gary Philanthropy](https://altss.com/profile/gary-philanthropy)
- [Gasaway Investment Advisors](https://altss.com/profile/gasaway-investment-advisors)

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Last updated: 2026-06-03T20:00:00.000Z

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