Italy's Ifil to invest $90 mln in Hong Kong fund

Newswire

MILAN, Feb 20 (Reuters) - Ifil , the holding company that controls Italian automaker Fiat , has agreed to invest 61 million euros ($90 million) in Asian fund Vision Investment Management, it said on Wednesday. Ifil said in a statement it would acquire a 40 percent stake in Vision Investment Management -- a fund of hedge funds -- by 2013, at the maturity of a five-year convertible bond the Italian company plans to buy. Ifil, which will fund the investment using available liquidity, ...

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