The fund aims to bring the excess return relative to the alpha generated in international markets and translate it into Reais. "The goal is that the fund generate returns of CDI plus 5.5% or 6%," explained Marcus Vinicius Goncalves (picture), representative of Franklin Templeton in Brazil.
Patria Investimentos to open Colombian private-equity shop
The firm, which is backed by Blackstone, has announced that it will open an office in Colombia and investment of up to USD 500 million.
BNP Paribas names Brazilian president in effort to accelerate growth
Sandrine Ferdane is replacing Louis Bazire as president of the Brazilian unit. Bazire will continue as head of Latin America.
Allianz and Votorantim team up to launch FoF targeted to Brazilian pensions
The local feeder focusing on European equity starts with seed capital of USD 8 million, three quarters of which was put up by Allianz. The fund's biggest selling point is its avoidance of markets in the US, where most early launches have tended to target.
André Cobianchi named head of institutional sales at JPMorgan Brazil
Cobianchi served between 2000 and 2013 at BTG Pactual, where he performed important roles serving institutional clients and acting in in the area of distribution and pricing of local DCM deals.
XP Investimentos buys Internet brokerage Clear
The holding company of XP Investimentos announced the acquisition of the Internet brokerage Clear in a transaction estimated at BRL 90 million.
Luciana Rodrigues takes over capital-markets area at Previ
The capital market area has been responsible, among other activities, for the process of foreign investment initiated by the pension fund this year.
BTG Pactual buys Generali’s Swiss-banking unit for USD 1.7 billion
With the BSI acquisition, BTG Pactual takes control of the Chilean private-pension administrator AFP Planvital, which up to now had been controlled by BSI.
Nestle pension plan hires ex-Towers exec Cardoso
Alessandra Cardoso (pictured), a former Towers Watson executive, will occupy the new position of investment manager in the entity running two funds with a combined USD 650 million in assets under management.