The hiring of a veteran Miami-based executive will strengthen the offerings of Aegon, Brown Advisory and Pinebridge Investments in the offshore wealth segment.
AFPs: Wave of reforms sweeps Chile and Peru
Along with approving the withdrawal of funds to fend off economic hardships caused by the pandemic, deep reforms are being discussed in both countries.
Chilean AFPs saw modest inflows in October after emergency redemptions
The AFPs added USD 207 million to cross-border fixed-income and money market funds in October. Three-month outflows totaled USD 7.9 billion.
Chilean AFPs sold off USD 3 billion in cross-border funds in September
Affiliates withdrew close to USD 20 billion under an initial emergency program to help savers get through COVID-19.
Wealthy likely to move AFP money to tax-deferrable local investments
To avoid a tax hit, higher earners may shift their redemptions to local mutual funds using the voluntary retirement framework.
CCR Monthly Approval Report – November 2020
UBAM, Schroder, Axa, AZ Fund, Legg Mason, Lyxor, Pinebridge, DWS, Harrison Street and Kohlberg Kravis Roberts & Co. were the fund sponsors gaining approval for new products.
Chilean alternatives firm raises USD 1.1B from HNW, institutional sectors
Frontal Trust's original focus was on real estate, but in the last five years the firm developed expertise in private debt, private equity and infrastructure, said GM Carmen Vicuña.
CCR Monthly Approval Report – October 2020
Berenberg, Candriam, Credit Suisse, Ninety One, UBS, iShares, State Street, Crow Holdings, Goldman Sachs and TCV were the fund sponsors gaining approval for new products listed on the month.
Proprietary and third-party funds fuel Ameris’s rise in Andean institutional circles
Since 2019, the firm has raised USD 1 billion for third parties, while its local alternatives launches have garnered USD 1.5 billion.
Chilean AFPs see heavy outflows in August as savers redeem pensions
The AFPs decreased their exposure to international equity by USD 4.1 billion, while shaving USD 547 million from their holdings of fixed-income funds.







