An OK from Brazil's Administrative Council for Economic Defense has cleared the way for Banco Bradesco to complete its takeover of HSBC in the country, with the firms setting a final transaction date of early July.
CCR Monthly Approval Report – May 2016
June 8, 2016 by
The Chilean regulator delisted 34 funds for falling short of the required minimum of USD 100 million in assets under management, while added six mutual funds and six ETFs to the list of approved instruments eligible to receive allocations.
Allianz completes acquisition of Rogge Global Partners
June 8, 2016 by
Consistent with AllianzGI’s previous integrations, the distinct dynamics and processes of Rogge's 30-year-old investment philosophy will be maintained within AllianzGI’s global investment platform.
Under Macri, Argentine fund industry could spark financial-market growth
June 8, 2016 by
Fund managers in the country's small capital market hope the government will modify regulations to expand their investment options and allow Argentines repatriating money from abroad to escape penalties if they buy into mutual funds.
Itaú selects Charles Ferraz as head of US-based asset manager
June 8, 2016 by
The US-based unit oversees investments in Latin American equities, US debt and funds of funds for Itaú's Brazilian-based and global clients.
Hartford Funds partners with Schroders to expand investment platform
June 7, 2016 by
“This relationship will allow us to expand the breadth of our investment capabilities and continue to deliver quality solutions to US investors, both now and in the future,” said Jim Davey, president of Hartford Funds.
Credit Suisse to shutter Panama private-banking office
May 26, 2016 by
The bank said the closure was unrelated to the recent Panama Papers leak, noting that is remains committed to the region via its presence in Mexico, Brazil and Chile.
Brazilian funds got boost from market recovery in April
May 26, 2016 by
The equity fund class was once again the best performer, led by the FMP‐FGTS and single equity types, with respective upturns of 26.91% and 23.28%, fueled by the appreciation of Vale and Petrobras shares, which are predominant in these portfolios.
Deutsche’s Latin America CEO to step aside as Grelle is promoted
May 26, 2016 by
Bernardo Parnes, chief executive officer of Latin America operations at Deutsche Bank AG, is planning to leave the firm, handing off oversight of the Brazil unit to Renato Grelle.
Natixis survey finds affluent US investors don’t understand risks behind passive investing
May 26, 2016 by
Natixis's survey found that 64% of investors think index funds will help minimize losses, 69% believe index funds offer better diversification, and 61% believe index funds provide access to the best investment opportunities in the market.
