After the failed merger operation with Pioneer Investments, the Chilean unit of Santander Asset Management is now working on reinforcing its investment team, starting with the entry of Héctor Godoy as head of equity.
Chilean AFPs pull money from global equities, ending three-month streak
January 24, 2017 by
Allocations into high-yield and money market offset the equity pullout. Total AUMs invested in cross-border funds and ETFs came to USD 58 billion, down from USD 62 billion a year earlier.
Toesca AGF relaunches with team of ex-BTG execs
January 13, 2017 by
The independent Chilean firm was spun off by Moneda Asset Mgt. and purchased by ex BTG executive Alejandro Reyes. Since then, it's been populated by a slew of BTG analysts and managers, including lead portfolio manager Rodrigo Rojas.
AFPs put hold on new investment in private-equity funds
January 12, 2017 by
With President Bachelet's vow to "modify the various forms of hidden fees...which take resources from participants’ accounts with no real justification," the AFPs now fear they may eventually have to pay third-party-fund management fees.
Chilean AFPs boosted US exposure in aftermath of surprise election outcome
January 10, 2017 by
Chilean AFPs, inspired by positive returns, bet heavily on US equity products, while at the same time unloading positions in emerging-market-bond funds on the heels of the surprise Trump victory in the US Presidential election.
CCR Monthly Approval Report – December 2016
January 10, 2017 by
Eight mutual funds were added in December to the list of approved instruments eligible to receive allocations from Chilean Pension Managers (AFPs). Of those, only one it is an equity product, while the others belong to the fixed income and money market asset class categories.
Guida returns to Chile to assist in Corpbanca-Itaú asset manager merger
December 20, 2016 by
"I returned to the country as CEO of Itaú Chile AGF to take over this business and contribute directly to the merger process" of Itaú and Corpbanca, Wagner Guida told Fund Pro Latin America.
Ameris alternatives fund raises USD 50 million from Chilean institutions
December 13, 2016 by
Ameris's distribution arm, led by Francisco Opazo, surprised with news that the biggest contributors to the global alternatives vehicle were seven local insurance companies.
Chilean AFPs showed renewed interest for US equities ahead of of November elections
December 10, 2016 by
AFP exposure to North American equity hit a three-month-high of USD 10.4 billion in October, as managers plowed USD 438 million into the segment. Over the last three months, the SPDR S&P 500 has accumulated USD 1.2 billion in new AFP investment.
Chilean AFPs suffering small-scale exodus of talent
December 5, 2016 by
Jorge Valencia left AFP Habitat to join Banco Santander as head of global markets. AFPs are finding it difficult to retain executives as salaries tend to pale vs. those offered in the local asset-management market.
