The product, denominated Mongeral Aegon Multimercado Investimento no Exterior, will roll its assets into shares of the Aegon Global Fund, a mutual fund managed by Transamerica Asset Management.
Julius Baer acquires majority stake in leading independent Brazilian wealth manager GPS
March 28, 2014 by
Gustavo Raitzin (photo), currently head of Latin America and Israel for Julius Baer, was named chairman-designee of GPS. The wealth manager nearly doubled its assets under management to USD 6.6 billion in three years.
Claritas brings to market two funds of international funds
March 19, 2014 by
With an eye on the internationalization process that Brazilian pension funds are reluctantly starting early this 2014, a bunch of local mutual fund managers begin to bring to market locally-domiciled products that focus on cross-border instruments.
Brazilian pension funds make initial global fund investments
February 18, 2014 by
BlackRock and JP Morgan Asset Management are the sponsors of the underlying cross-border funds being used by Banco do Brasil to introduce Brazilian pension funds to international markets, albeit in very small doses. Brazil's largest corporate pension fund, the Previ, was one of the initial buyers.
Canadian Pension Board installs regional investment office in Sao Paulo
February 6, 2014 by
The pension fund already has significant investments in Latin America, with nearly USD 4.5 billion invested in real estate, public- and private-equity and infrastructure investments.
Fabiano Cintra now in command of Itaú’s ETF distribution
January 30, 2014 by
The It Now series of ETFs are Brazilian-based exchange-traded funds investing in Bovespa-listed securities.
Schroders Brazil names new chief investment officer amid run on AUM
January 30, 2014 by
Schroders Brasil has lost two members of its investment-management team in the last six months. The latest change comes on the heels of a difficult 2013 for equity managers in Brazil and especially for Schroder, which suffered significant outflows.
Santander Brasil is latest to offer funds with international diversification
January 9, 2014 by
The asset manager hopes the two funds, which launched on Jan. 6, will raise a combined BRL 600 million in the first quarter of 2014.
BTG Pactual launches local fund with international investment strategy
December 26, 2013 by
The launch is the latest in a series of new-product introductions in the USD 1 trillion Brazilian fund market aimed at providing local investors with some diversification out of local risk.
Italian asset manager Azimut inks deal with Brazilian advisory FutureInvest
December 13, 2013 by
Italy's asset manager Azimut and FuturaInvest Group have signed an agreement to set up a partnership providing financial advisory services in the Brazilian market.
