Walter Maciel, CEO of AZ Quest, told Fund Pro Latin America that the company opted to wait for a stabilization in the currency market before starting to offer international products to Brazilian investors.
Brandão to head Mapfre Investimentos’ institutional area
July 14, 2016 by
Fernando Brandão was with Credit Suisse from 2010 until early this year, primarily in the asset management division of the bank and then in CSHG, when Credit Suisse took control of asset manager Hedging-Griffo in 2013.
Brazil agency clears way for Bradesco’s takeover of HSBC
June 23, 2016 by
An OK from Brazil's Administrative Council for Economic Defense has cleared the way for Banco Bradesco to complete its takeover of HSBC in the country, with the firms setting a final transaction date of early July.
Itaú selects Charles Ferraz as head of US-based asset manager
June 8, 2016 by
The US-based unit oversees investments in Latin American equities, US debt and funds of funds for Itaú's Brazilian-based and global clients.
Brazilian funds got boost from market recovery in April
May 26, 2016 by
The equity fund class was once again the best performer, led by the FMP‐FGTS and single equity types, with respective upturns of 26.91% and 23.28%, fueled by the appreciation of Vale and Petrobras shares, which are predominant in these portfolios.
Brazilian pensions pulled back on international investments in 1Q
May 9, 2016 by
“This year we are seeing that pension funds are more cautious about investing in international funds," Francisca Brasileiro, senior investment consultant for Willis Towers Watson, told Fund Pro Latin America.
JP Morgan Brazil is bullish on demand for international offerings
May 2, 2016 by
Giuliano de Marchi believes there are 500,000 Brazilians with investments in excess of BRL 1 million, the amount needed to fully invest abroad. “Yet, only 1% of the investors able to invest abroad actually do it,” he told Fund Pro Latin America.
General Atlantic to increase stake in Brazil’s XP Investimentos to 49%
April 22, 2016 by
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.
