De Benedetti Monte Carlo rally

Carlo De Benedetti is adept at leaping onto stock market bandwagons. Five years ago, the veteran Italian entrepreneur launched a technology fund, CDB Web Tech, at the height of the internet bubble. Now, he’s at it again. With Italy in economic difficulty, he is passing round the hat for a E500m fund – this time to invest in distressed Italian companies. There’s even a direct link between the two ventures. The new fund will be created from the embers of CDB Web Tech. Investors should hope that ...