Tonatiuh Rodriguez Goméz, CEO of Mexico's largest private pension fund, Afore XXI Banorte, will be replaced by Juan Manuel Valle Pereña as of Feb. 1, 2017.
Second TC Latin America real-estate fund raises USD 268 million
December 19, 2016 by
TCLAREF II will opportunistically invest in the development of residential, commercial and industrial real estate projects in Peru, Colombia and Mexico, says Gregorio Schneider of TC Latin America Partners.
Money managers could benefit from latest Brazilian repatriation law
December 19, 2016 by
“A relevant horizon of about BRL 150 billion (USD 40 billion) of "new" resources to be administered onshore and offshore has been opened," said Itau Private Bank's Gustavo Tavares.
Nuveen’s NuShares ETFs use ESG criteria while tracking US markets
December 15, 2016 by
NuShares ESG ETFs track the performance of the US market across various market caps and investment styles, while giving consideration to environmental, social and governance criteria.
Legg Mason installs cross-border distribution head in Sao Paulo
December 14, 2016 by
After 10 years as a Western Asset Brazil executive, Roberto Teperman now has the role of distributing the entire fund platform of the Legg Mason group, which includes nine subsidiaries around the world.
Brazilian equity funds suffer in wake of Trump election
December 14, 2016 by
Despite the performance setback for equity, the Brazilian fund industry is on pace to record its highest annual net inflows since 2012, as YTD net inflows reached BRL 89.7 billion at the end of November.
Pioneer Investments to be purchased by Amundi for USD 4.1 billion
December 13, 2016 by
With over EUR 1 trillion in assets, Amundi is ranked the world’s 12th-largest asset manager. The Pioneer deal would turn it into the world’s eighth-largest asset manager, according to main shareholder Credit Agricole SA of France, handling EUR 1.3 trillion in assets.
Raymond James sells Argentine fund manager and broker to local partners
December 12, 2016 by
Shareholder Eduardo Tapia has increased his stake in the Buenos-Aires-based asset manager Delta Asset Mgt. and will continue as director. Gabriel Ruiz and Christian Cavanagh will keep their executive roles.
BofA Merrill: 2017 shaping up as year of the active investor
December 12, 2016 by
“If investors choose asset classes, sectors and stocks carefully, they can meaningfully outperform the market," says BofA Merrill's Candace Browning. "2017 could be the year of the active investor.”
Pioneer snatches USD 150 million Asian mandate from XXI Banorte
December 2, 2016 by
The efforts of Pioneer's Gustavo Lozano in Mexico have helped land Pioneer two mandates (already funded) with Afore Banamex (European and Asian equity) and a third (not yet funded) with Afore Sura (global equity).
