Pimco will operate in Brazil as PIMCO Latin America Administradora de Carteiras, and will be regulated by the CVM.
Principal buys stake in Claritas
As part of its long-term strategy to boost its presence in Brazil it will buy a 60% percent indirect ownership stake in the Brazilian mutual fund manager.
Aberdeen has been appointed investment adviser to the Credit Suisse Equity Fund Brazil and Bond Fund Brazil
The equity strategy will be managed by Devan Kaloo, head of Global Emerging Markets, while the bond strategy will be managed by Brett Diment, head of Emerging Market Bonds.
JP Morgan Funds strengthen in Latin America
The creation of a new job to coordinate all sales in the region, filled by Guiuliano de Marchi, combines with the plans to open a distribution office in Colombia.
Previ plans BRL 300 million to invest in shares of foreign companies
Rene Sanda, Chief Investment Officer, of Brazil's biggest pension, said the decision followed conversations with other other major pension funds, which agreed on the need to invest abroad.
JP Morgan appoints Jose Berenguer as senior country officer in Brazil
He will report jointly to Mary Callahan Erdoes, CEO of JP Morgan Asset Management, and Martin Marron, CEO of JP Morgan's Latin America franchise.
Brazilian insurers to adjust investment portfolios
The Brazilian government has passed a new resolution that establishes general investment rules to be observed by local insurance, reinsurance and private pension entities with regards to their assets linked to technical reserves.
Brazil’s BTG Pactual completes acquisition of Colombia’s Bolsa y Renta
Brazil's Banco BTG Pactual said it has completed its acquisition of Colombian brokerage Bolsa y Renta, as it extends its presence further across Latin America.
Itaú Asset says Brazilians eyeing more foreign assets
A decline in interest rates to record lows is forcing funds to build a more diverse base of financial instruments to help lure new clients, said Paulo Corchaki, chief investment officer at Itaú Asset Management.


