After five years as CEO at Itaú AGF Chile, the executive returns to Brazil to control the area of products for the institutional investors, corporates and distributors.
CVM rule change would drastically reduce minimum-investment hurdle for ‘superqualified’ investors
May 5, 2014 by
Currently, funds of international funds require a minimum investment of BRL 1 million (USD 400,000) - a very high hurdle even for an affluent investor with millions in net worth. The proposed change by the CVM is to allow fund sponsors to set their own minimum-investment amounts for funds exclusively designed for Professional Investors, provided that these investors have BRL 1 million invested in total in the Brazilian market.
BlackRock to offer S&P 500 ETF in Brazil
May 5, 2014 by
US ETF issuers, including ProShares, Invesco Power Shares, Vanguard and State Street, have turned increasingly to Latin America as an important avenue for asset gathering, particularly from institutional investors.
Brazilian Mutual Fund Managers Industry Statistics – March 2014
April 30, 2014 by
Excel workbook detailing, over various time periods, mutual fund industry asset growth by managers. Data as of March 31, 2014.
Companies mentioned in this report: Banco do Brasil, Itaú Unibanco, Bradesco, Caixa Econômica Federal, Santander Brasil, BTG Pactual, HSBC, Credit Suisse, J Safra Asset Mgt., Votorantim, Legg Mason, BNY Mellon Asset Mgt., Funcef, JP Morgan, BNP Paribas, Fundacao Cesp, Citigroup, Vinci Partners, Opportunity, Sul America Investimentos, Intrag, BRL Trust, Quantitas, Real Grandeza, Morgan Stanley, BW, GPS - CFO, JGP, Icatu, SPX, Gávea, Fundacao Sistel, Porto Seguro, Pátria, Pessoas fisicas Fundacao, Integral Investimentos, GAP Prudential, Banrisul, Plural Capital, Vale do Rio Doce Fundacao, Fapes Fundacao, Mapfre, Riviera, Oliveira Trust, Alfa, Brasilprev Seguros, Pragma, BNB, Dynamo, Kinea.
Brazilian Mutual Fund Manager Net New Investments (NNI) Report – March 2014
April 30, 2014 by
Excel workbook detailing net new investments (NNI) of all locally registered Brazilian mutual managers. Also includes monthly and year to date NNI data by managers. Data as of March 31, 2014.
Companies mentioned in this report: Banco do Brasil, Itaú Unibanco, Bradesco, Caixa Econômica Federal, Santander Brasil, BTG Pactual, HSBC, Credit Suisse, J Safra Asset Mgt., Votorantim, Legg Mason, BNY Mellon Asset Mgt., Funcef, JP Morgan, BNP Paribas, Fundacao Cesp, Citigroup, Vinci Partners, Opportunity, Sul America Investimentos, Intrag, BRL Trust, Quantitas, Real Grandeza, Morgan Stanley, BW, GPS - CFO, JGP, Icatu, SPX, Gávea, Fundacao Sistel, Porto Seguro, Pátria, Pessoas fisicas Fundacao, Integral Investimentos, GAP Prudential, Banrisul, Plural Capital, Vale do Rio Doce Fundacao, Fapes Fundacao, Mapfre, Riviera, Oliveira Trust, Alfa, Brasilprev Seguros, Pragma, BNB, Dynamo, Kinea, and others.
Schroders shuts Brazilian equity fund
April 25, 2014 by
Schroders said the small size of the underperforming Schroder ISF Brazilian Equity had made it impossible to be run cost effectively.
Brazilian private-equity industry enjoys 21% growth in 2013
April 21, 2014 by
The total capital committed by the private equity and venture capital industry in Brazil rose to BRL 100.2 billion (USD 42.4 billion) at the end of December.
Brazilian-based Mongeral Aegon announces fund of funds allocating to Transamerica
March 28, 2014 by
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.
