New recruit at Fondamenta

Alberto Argnani, formerly with Deloitte, has joined the team at Italian fund-of-funds, Fondamenta, with specific responsibility for the direct investments of the fund.

Fondamenta, which was recently acquired by State Street Global Advisers (SSgA), see news this issue, has already completed its funds investment programme and is invested in 12 funds and six direct investments. It has over €40m left to be allocated to direct investments.