Measures under discussion run the gamut, from an increase in contribution rates to 14% from 10% and inclusion of the armed forces and police in the private system, to a reduction in the multifund system to three funds from five.
Tax holiday on wealthy Chileans could alter local private-banking landscape
December 7, 2015 by
Repatriation or sunlighting of undeclared overseas assets could generate new flows to local private banks and wealth managers.
Esteves arrest could be final nail in coffin of BTG’s Chilean fund distribution business
November 25, 2015 by
BTG, already faced with the desertion of three international fund managers over the span of a year, as well as two key executives, will now face scrutiny from its remaining global clients over the corruption-related arrest of its CEO in Brazil.
Rumors swirl in Chile over possible Aberdeen-BTG breakup
November 13, 2015 by
As BTG attempts to rebuild its global-fund distribution team, it faces the defection of not only Columbia Threadneedle but also Aberdeen, which at one time had gathered nearly USD 6 billion from Chilean AFPs.
AFP Profuturo reformulates its investment team
November 13, 2015 by
Gino Bettochi recently took over as CIO, as two key executives departed for roles outside the pension industry. The firm also named a new fund selector.
Azimut sets up Chilean distribution arm backed by European fund offering
November 13, 2015 by
Azimut, headed by Alejandro Citterio in Chile, arrives precisely at a time when institutionals are increasing their positions in Europe and looking for opportunities in different sectors and asset classes. A look at AZ Andes' Latin American distribution strategy.
Credicorp looks for passive manager to complete its already diverse offering
November 4, 2015 by
Ignacio Montes explained to Fund Pro Latin America the strategy behind working with global firms such as Partners Group, Apax Partners, ICG, Colony Capital, Madison Dearborn Partners, Grosvenor Capital, Candriam, Allianz , TCW, MetWest, and Highland Capital.
Highland Capital signs Andean distribution deal with Credicorp
October 23, 2015 by
The products of Highland, whose president is James Dondero, will provide AFPs and other institutions an alternative to high-yield funds, with a focus on senior bank loans in the US and floating-rate debt.
Chilean Congress ratifies double-taxation treaty with US
October 19, 2015 by
The agreement is being viewed closely by sponsors of cross-border funds on offer to Chilean pension funds, since the AFPs have historically avoided investment in US funds in order to avoid the withholding tax on capital gains and dividends.
BTG Pactual’s top two cross-border-fund distributors quit; rumored to set up own firm
October 14, 2015 by
The abrupt departures could impact the distribution of brands such as Aberdeen, Aviva, Credit Suisse, Henderson, State Street and Columbia Threadneedle.
