Gustavo Pires, commercial manager at fund platform XP, estimated that, with new rules lowering the minimum investment on global funds, the potential audience for global feeder funds is likely to expand 50-fold in Brazil.
Brazilian platforms add cross-border funds in wake of rule changes, difficult economy
September 30, 2015 by
Nestle pension fund selects JPM, Allianz and Schroders for initial cross-border allocation
September 18, 2015 by
Alessandra Cardoso, investment manager of Nestle's pension fund, the Funepp, said the fund will be splitting 50-50 its equity portfolio between domestic and cross-border risk.
Templeton and Brazilian insurer SulAmerica ink partnership, launch global fund
September 10, 2015 by
Franklin, which is headed in Brazil by Marcus Vinicius Goncalves (photo), was the last firm standing following a lengthy selection process that initially involved 40 managers, which was itself followed by a qualitative analysis with six finalists.
Schroders bets on Brazilian pensions, launching European fund with Banco do Brasil
September 10, 2015 by
Schroders put up USD 6 million in seed money to get the Brazilian-domiciled feeder fund off the ground.
Fund launch gives AllianceBernstein access to onshore retail market in Brazil
September 1, 2015 by
Ilana Bobrow, investor relations executive at fund management shop XP Gestão, said the feeder fund will be promoted to the retail segment, "where we know there is a great opportunity. We will also talk with distributors, single- and multi-family offices, and pension funds."
HSBC launches European equity FOF to institutional and affluent investors
August 16, 2015 by
HSBC Brazil currently has USD 291 million in AUM in its family of funds of international funds. These AUMs will be transferred to Bradesco pending a successful completion of Bradesco's acquisition of HSBC in Brazil.
Bradesco ponies up USD 5.2 billion for HSBC’s Brazilian operation
August 6, 2015 by
The deal includes HSBC's local fund management operation, worth USD 26 billion, helping Bradesco surpass Itaú in the Brazilian asset manager ranking.
Gávea founders reach deal to buy back Brazilian firm from JP Morgan
August 6, 2015 by
Gávea will keep its hedge funds and private-equity funds, which are the firm’s core businesses. Equity funds and real-estate funds will likely stay with JP Morgan, which operates as a local asset manager in Brazil.
Banco do Brasil, UBS target local pensions in launch of cross-border sustainable fund
July 9, 2015 by
"UBS has a strong and long-standing track record in sustainable investing, an area which will only continue to grow in importance," said Marilyn Foglia, head of Latin America for UBS GAM.
Latest global fund launches in Brazil involve Aberdeen, Nordea and Deutsche
July 9, 2015 by
The launches are aimed primarily at pension funds in the case of Aberdeen and Nordea, who have teamed with Banco do Brasil, while Deutsche has set its sights on both the institutional and wealth-management segments, according to the firm's Victor Arakaki.
