Massimo Fuggetta

Massimo Fuggetta Massimo Fuggetta is co-founder and CIO of Bayes Investments Ltd., a London-based advisor to the Made in Italy Fund, a Luxembourg mutual fund exclusively focused on Italian small caps. Massimo was a portfolio manager with JP Morgan Investment Management in London from 1988 to 1999. He was then CIO and CEO of Sanpaolo IMI Asset Management in Milan and, from 2004 to 2011, founder and CIO of Horatius SIM in Milan. He has an Economics Degree from LUISS in Rome and an M.Phil. and D.Phil. in Economics from the University of Oxford. He is the author of the Bayes blog at

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