The brokerage firm and fund distributor is growing not only in Brazil but also in the US, where it will probably double headcount this year to about 90 people, with half in Miami and the other half in New York, says CEO Guilherme Benchimol.
Brazilian equity funds enjoy best month since 2002
April 15, 2016 by
The Brazilian stock market appreciated strongly in March, with the Ibovespa moving up by 16.97%, the highest monthly upturn since October 2002, helping Brazilian equity funds post some hefty gains.
Brazil’s Itaú eyes Citigroup’s Latin American operations
April 15, 2016 by
An acquisition of Citi's chain of banks in Latin America would help Itaú reduce its dependence on Brazil, acknowledged the firm's Ricardo Villela Marino, head of Latam operations.
BlackRock: Institutional investors increasingly embrace factor investing
April 15, 2016 by
Factor investing holds that the risks and returns of all investments, no matter how nominally diverse, can be mapped to a set of common factors. BlackRock's Mark McCombe says investors increasingly believe that factor strategies can drive enhanced performance.
Miami office of Morgan Stanley hooks trio from UBS
April 8, 2016 by
A Coral Gables-based UBS team that oversaw about USD 1 billion in client assets left to join Morgan Stanley in Miami, according to market sources.
Mexican Afores suffered a small drop in profits in 2015
April 8, 2016 by
Mexico's 11 Afore private-pension managers recorded net income of MXN 8.9 million (USD 516 million) in 2015, a 2% decline in local currency terms. Fee-based revenues of the managers were MXN 26.8 billion (USD 1.5 billion), an increase of roughly 5% for the year.
Panama’s checkered past revived in face of document leak
April 8, 2016 by
The leak of 11 million documents from the Panamanian law firm Mossack Fonseca, spanning over 40 years, has unfortunately and perhaps unjustifiably put Panama back in the spotlight as a haven for money laundering and tax avoidance.
Brazil’s SulAmérica ups institutional cross-border offering with new feeder
March 30, 2016 by
SulAmérica's team visited more than 20 global managers in a qualitative and quantitative process that culminated in the choice of ABS Investment Mgt., a specialist in global equity long/short products, said Marcelo Mello, CEO at SulAmerica Investimentos.
State Street buys GE Asset Management to push into alternatives
March 30, 2016 by
The USD 485 million deal “will bring new alternatives capabilities in direct private equity and real estate,” said Ron O’Hanley, who heads State Street’s asset management unit.
Mobius steps aside as head of Templeton Emerging Markets Group
March 30, 2016 by
Mark Mobius is to hand over the day-to-day management of Templeton Emerging Markets Group, as the company’s US-based parent, Franklin Templeton, brings under one umbrella its emerging markets divisions.
