Brazilian pensions ramp up international allocations as others ask for increased quotas

Brazilian pension managers shared their plans to expand international investment and their relationships with global firms.

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Brazilian mutual funds in February reversed poor 2021 kickoff

After a negative start in January, the industry grew by roughly USD 6 billion in the first two months of 2021.

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Brazilian cross-border fund industry reaches USD 15 billion AUM in 2020

The fall in the Selic rate, depreciation of the Real and the good performance of the global markets have led to a stampede in international diversification, said Itau's Pedro Barbosa.

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After FT takeover, Legg Mason’s key man in Sao Paulo joins local startup

After 16 years at Legg Mason in Brazil, Roberto Teperman just debuted a new factor-based fund firm with five other partners, called DAO Capital.

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Brazilian fund industry off to slow start due to equity-product redemptions

The Equity class saw outflows of BRL 40.5 billion, driven by net redemptions concentrated in a few funds, but not reflecting a general trend in the category.

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Itaú gets shareholder nod for XP spinoff, awaits Fed approval

Itaú will retain a roughly 5% stake in XP following the spinoff, although the bank has signaled it may sell that remaining stake to monetize part of its investment.

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Multimarket funds see record net inflows in 2020

Multimarket funds saw the largest net inflows in 2020, at BRL 97.6 billion, followed by equity funds with net inflows of BRL 69.4 billion.

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Investors pull USD 4 billion from Brazilian funds amid lackluster returns and yields

The November 2020 numbers disappointed but did not mar a decent year, during which local funds had raised USD 23 billion.

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BlackRock makes new push into tepid Brazil ETF market

The firm will offer iShares through Brazilian depositary receipts, or BDRs, listed on the B3 exchange.

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Nordea tapped to train 7,000 XP Investimentos advisors on ESG practices

“The advisor has to be more prepared for the language of ESG themes," says Roberto Martinho, head of business development at Nordea Asset Management in Latin America.

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