Kamel is a finance professional who has extensive experience in fund analysis and fund selection services, having worked for leading companies in this market such as Morningstar, Vision Advisors and Edmond de Rothschild AM.
CCR may review funds of scandal-rocked HSBC at February meeting
February 18, 2015 by
A review of the "reputational risk" of HSBC - again in the news due to a potential tax-evasion scandal over its handling of high-net-worth accounts - may be on the agenda of the regulatory agency that determines eligibility to receive AFP investments.
IM Trust opens its offering to the institutional segment
February 5, 2015 by
The firm registered an investment fund - the IMT Spread Corporativo Local - with the CCR, and this product will soon be joined by two more. Local AFPs are an obvious target of the closed-end fixed-income fund.
Political and legal questions could be provoking redemptions from Penta and CorpBanca funds
January 29, 2015 by
In the last quarter of 2014 these two managers suffered the worst falls in AUMs amid a period of great growth for many of their peers.
Delay in kickoff of independent-worker pension scheme impacts AFP Planvital and BTG
January 20, 2015 by
AFP Planvital is about to become a direct victim of the delay, since it would have benefited from independent workers' new compulsory flows. The situation complicates any potential plan by the AFP's owner - BTG Pactual - to sell the AFP to a third party.
Academic report criticizes status quo of Peruvian pension system
January 5, 2015 by
Academics María Amparo Cruz-Saco, Juan Mendoza and Bruno Seminario, find three basic errors in the existing models: they criticize the attempt to finance pensions through a tax on workers’ wages in a market where about two-thirds of employment is informal, they find ample evidence that people are saving voluntarily for old age outside of the system, and they argue that existing law is “suffocating” initiative and competition between AFPs.
Chilean insurers hold less than 3% of their portfolio in cross-border funds
January 5, 2015 by
Jorge Claude, general manager of the Chilean Insurance Association, said the bulk of life insurer investment, both inside and outside the country, focuses on fixed income since these instruments can be used to match the companies’ long-term payment commitments.
Sura well-positioned to build on its USD 120 billion asset base
December 10, 2014 by
Sura Asset Management is the only actor in the pension business in the region with presence in the four major markets: Chile, Colombia, Peru and Mexico. Its consolidated assets under management represent a 23.4% market share in the countries where it operates.
Deutsche in Latin roadshow promoting ETFs with tactical asset allocation model
November 19, 2014 by
The strategy was explained in a Nov. 11 seminar on Megatrends in Passive Investment Strategy, held in Santiago, with the participation of executives from this manager, representatives of MSCI, Morningstar and the Chilean Ministry of Finance, among others.
PineBridge well-placed to take advantage of Latam private-equity opportunities
November 19, 2014 by
Stacy Steimel, managing director, portfolio manager, and head of Latin America Equities, said her firm currently has a preference for the secondaries market, focusing on smaller transactions, as well as private credit.
