Scholar Eduardo Walker, member of the Pension Funds Technical Investment Council, admitted that fees paid to third-party managers are not at all high when considering rebates.
Expert views sovereign-wealth model as viable for managing additional pension flows
Peruvian AFPs may bump against alternatives ceiling in medium term
HMC's Daniel Dancourt said if Peruvian AFPs continue to buy alternatives at their current rate, the maximum multi-fund limits may be reached in three to five years.
Chilean regulator on verge of publishing alternatives regulations
AFPs will likely be able to invest between 5% and 15% of their AUM in this asset class. Some distributors, such as Ignacio Montes of Credicorp Capital, had been hoping for sublimits to promote more real-estate and infrastructure investment.
BICE Inversiones tapped to subadvise cross-border fund
The fund will invest in investment-grade Latin American fixed-income securities and be marketed through various global mutual fund platforms, but under the name (or brand) of a European bank, said t BICE's Enrique Santibáñez.
Evli Fund Management latest brand added to BTG Pactual’s platform
Evli is a Finnish manager specializing in corporate bonds, factors, small caps and frontier markets. Ignacio Pedrosa, BTG Pactual manager for third-party distribution, believes the firm's high-performing funds are natural fits for AFPs.
MFS looks to reinforce its Latin American sales team
Miami-based L. José Corena, managing director-Americas, will continue to oversee of sales and administrative matters in the region as MFS looks to fortify its Latin American sales effort.
AllianceBernstein sets up in Chile, and keeps partnership with Vision Advisors
Ignacio Fuenzalida, who was heading MFS Investment's efforts in the Andean region, was hired to run AB's newest Latin American office. Alliance will continue using Vision Advisors as a rep firm in a more targeted effort.
HMC adds Aegon-owned Kames Capital to brand lineup
Ricardo Morales, a partner at HMC Capital, believes Kames brings a unique investment outlook to the Chilean market, as well as to HMC, which already reps for Matthews Asia, Neuberger Berman, Man and Bradesco.
Piñera’s pension proposal likely to encourage cross-border investment
The candidate's campaign released a proposal that would boost employer contributions by 4%, all of it channeled to AFPs, as opposed to the current government's plan to use a government-supervised fund outside the purview of the AFP industry.
BTG Pactual to distribute funds of Fraga-led Gávea Investimentos
Ignacio Pedrosa, BTG Pactual's manager for third-party distribution, said Gávea had exceptional managers with a combination of political and business experience very difficult to find.











