Optimum Asset Management has sold a closed-end Italian trophy asset fund.
The firm鈥檚 Futura Investment Management affiliate sold the Boccaccio vehicle to four European institutional investors.
Fondo Boccaccio, which owns a 鈧�226m portfolio of commercial properties in Milan鈥檚 Quadrilatero della Moda district and Florence, had been owned by Futura since late 2013.
The fund has returned more than 53% on its investments.
Alberto Matta, chief executive of Optimum Asset Management, said: 鈥淚t is an investment that has generated an extraordinary performance.鈥�
Matta said the vehicle鈥檚 assets had a low risk profile and an 鈥渆xtremely limited holding period鈥�.
