Schroders put up USD 6 million in seed money to get the Brazilian-domiciled feeder fund off the ground.
Schroders bets on Brazilian pensions, launching European fund with Banco do Brasil
September 10, 2015 by
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.
Funcesp boosts allocations to global funds
June 28, 2015 by
The plan is to place a BRL 50 million ticket (USD 16.1 million), divided into the three equity funds managed by three separate managers. The pension fund plans on adding three additional managers by the end of the year, reaching five or six in total, says chief investment officer Jorge Simino.
Net new investments in May brighten prospects for the year
June 27, 2015 by
Brazilian mutual funds recorded net new investments (NNI) of BRL 9.5 billion, contributing to year-to-date NNI of BRL 22.2 billion through May 2015, vs. redemptions of BRL 8.6 billon in the year-earlier period.
Confirmed: New fund rules for Brazil delayed through October
June 18, 2015 by
the Anbima, which believes that the industry needs more time to adapt to the rules, which facilitate global investing, in order to create systems to control which clients can access certain types of funds.
