How Italy's powerful Agnelli family does investing differently
- Adam Edwards
- Jan 26
- 2 min read
This is something I read on Business Insider
Context on the Agnelli family: The Agnelli family is one of Italy's wealthiest and most influential dynasties, known for founding Fiat in 1899. Their investments span Ferrari, Juventus Football Club, and media like The Economist. Through their holding company, Exor, the family controls diverse global assets, with John Elkann leading as its chairman and CEO.
Summary of the article: Lingotto Investment Management, created in 2023 by Exor, the Agnelli family’s holding company, manages $6 billion in assets with a distinct model emphasising portfolio manager autonomy. Unlike traditional multistrategy firms, Lingotto allows investors to operate independently, fostering long-term investments without centralised risk controls or short-term pressures. This approach has attracted top talent like James Anderson, a renowned tech investor, and Pam Chan, a private markets specialist. Lingotto’s investments are diverse, spanning tech, private equity, and niche opportunities like content creators and music rights, focusing on areas with capital imbalances. Headquartered in London, the firm has expanded to New York with 14 employees, forming its dual-pillar strategy. CEO Enrico Vellano prioritises hiring quality investors aligned with Lingotto’s values. With its boutique identity and performance-driven growth, the firm seeks to build on its reputation as a unique player in the investment landscape, blending innovation with a principled approach.
Key take aways:
Unique Model: Lingotto’s decentralised structure empowers portfolio managers with autonomy, fostering long-term investment strategies free from centralised risk constraints and short-term pressures.
High-Profile Talent: The firm attracts top-tier investors, including James Anderson (tech innovation) and Pam Chan (private markets), showcasing its commitment to expertise and niche opportunities.
Diverse Investments: Lingotto’s portfolio spans tech, private equity, and unconventional sectors like content creators and music rights, focusing on areas with capital imbalances.
Strategic Expansion: With headquarters in London and a growing presence in New York, Lingotto strengthens its dual-pillar strategy, balancing global growth ambitions with a boutique, performance-driven identity.