The executive signaled that a new project is in the offing, but it was unclear whether he will remain in the asset management industry.
AFPs step up exposure to North America, Asia as investors look past trade concerns
Chilean AFP pension managers injected USD 2 billion of assets into cross-border funds and ETFs in July, stepping up exposure to North American and Asian equity, as well as high-yield and emerging-markets bonds.
CCR Monthly Approval Report – August 2018
A total of 21 products were added in the month from 12 different asset managers: Baillie Gifford, Fidelity, HSBC, Janus Henderson, John Hancock, Apollo, Audax, Cinven, EQT, Lone Star, NB and Platinum.
Managers eye new pension contributions from self-employed in Chile
Unfortunately for AFPs and foreign managers receiving their allocations, the phase-in of these contributions and their partial diversion to social programs will equate to a negligible uptick in short-term flows.
Colombian AFPs head for exits amid trade uncertainty
Total allocations from Colombian AFPs to offshore funds and ETFs reached USD 18.4 billion in June. Emerging-markets equity led allocations, followed by North American equity and European equity.
AFPs looking to local banks and insurers to strengthen alternatives teams
New investment rules have provoked a hiring spree among Chilean AFPs, which are revamping their organizational structures on the strategy side to best take advantage of new investment opportunities.
Roger Mogrovejo named to dual CIO role
Roger Mogrovejo has assumed CIO responsibilities at affiliated insurance companies Chilena Consolidada and Zurich-Santander.
AFP Cuprum’s alternatives-ready investment policy submitted to regulator
"By combining alternatives appropriately with the rest of the portfolio, we can help our members achieve a better pension," Cuprum's investment manager, Gustavo Price, told Fund Pro Latin America.
BCI Asset Management brings Lennar into its alternatives offering
Lennar, a real-estate developer in the US, is Bci's fourth global partner, alongside First Trust, Adams Street Partners and WellsFargo, said Bci's Sebastián Rodas.
Chile’s economic-stability fund would see boost in flows under Piñera national-security plan
A boost in the fund's assets from USD 14 billion to USD 30 billion or more would result from President Piñera's bill to shift some of Codelco's profits from the Armed Forces to the SWF.