# Journalists' Pension Fund

Journalists' Pension Fund is a Pension Fund based in Freiburg, Switzerland.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Freiburg, Switzerland
- **Region:** Europe
- **Assets under management:** Undisclosed

## Regulatory record

- **Reports private funds:** No

## About

The Journalists' Pension Fund, known as INPGI, serves as the mandatory pension vehicle for Italian journalists. It was established to provide first-pillar coverage and operates under oversight from the national journalists' union and professional order. Asset allocation runs through the Luxembourg vehicle Fondaco Obiettivo Welfare SICAV. Mandates include 28 percent in government bonds at Amundi, 12 percent in investment-grade corporate bonds at Credit Suisse and 17 percent in global equities at Pictet Asset Management. Additional commitments flow to private equity at an 8 percent target and to European and Italian infrastructure funds. Real estate exposure sits in the Fondo Giovanni Amendola managed by InvestiRE SGR. Roberto Ginex serves as president and Filippo Manuelli as chief executive. The fund maintains membership in Mefop and AdEPP. In February 2025 it appeared before the Parliamentary Committee on Social Welfare Institutions to discuss the 2024-2026 investment plan and historical returns. Governance ties the fund directly to FNSI and the Ordine dei Giornalisti, creating a closed principal relationship uncommon among larger public pension schemes.

## Sectors

- Private Equity
- Infrastructure
- Fixed Income

## People

- Roberto Ginex — President
- Filippo Manuelli — CEO

## Questions

### Who runs investment decisions at the Journalists' Pension Fund?

Roberto Ginex serves as president and Filippo Manuelli as CEO. External managers execute the mandates under the 2024-2026 strategic asset allocation.

### Does the Journalists' Pension Fund participate in fund commitments or only direct deals?

The fund commits to external vehicles including private equity and infrastructure funds through Fondaco Obiettivo Welfare SICAV.

### What investment stages does the Journalists' Pension Fund typically target?

The fund targets long-term holdings across fixed income, listed equities, private equity and infrastructure with a ten-year return horizon.

### How is the Journalists' Pension Fund related to FNSI?

FNSI, the national journalists' union, maintains a formal business-partner relationship and participates in fund governance.

### Where does the Journalists' Pension Fund place its real estate exposure?

Real estate sits in the Fondo Giovanni Amendola, an indirect vehicle managed by InvestiRE SGR across various Italian properties.

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

Canonical page: https://altss.com/profile/journalists-pension-fund

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