Gonzalo Ramírez, formerly with Legg Mason, will head the new office. The relationship with AFPs will stay in the hands of Vision Advisors.
Chilean regulator sets comment period for rules banning hedge funds from AFP portfolios
January 14, 2018 by
Amid concern from foreign distributors and managers, the Pensions Superintendency published a draft resolution on January 8 aimed at clarifying what types of hedge funds can be purchased by Chilean AFPs.
Chilean AFPs couldn’t get enough Asian equity in November
January 4, 2018 by
The pension fund managers allocated USD 1.4 billion into Asia equity in November. Funds from Investec, UBS, Allianz, and NN gained as other regions rose as well. iShares increased the Chilean AUMs it manages to USD 8.3 billion.
ACAFI welcomes new alternatives regulations, but still sees pending issues
January 4, 2018 by
ACAFI chief Luis Alberto Letelier said attractive products and the hard work of local managers - not capital repatriation - have been the major driver for growth of the closed-end fund business in Chile.
CCR Monthly Approval Report – December 2017
January 3, 2018 by
Products from HSBC, Lyxor, Aberdeen and others won approval, as did the first alternatives products from Carlyle Group, Oaktree Capital and Intermediate Capital Group.
Alternatives registration already underway in Chile
December 13, 2017 by
Managers that already have investments via feeder funds can submit their approval directly, while new firms will have to gain sponsorship from an AFP.
BCI boosts US presence with USD 528 million purchase of TotalBank
December 6, 2017 by
BCI owns City National Bank of Florida and had been in talks with TotalBank’s former owner Banco Popular before it was acquired by Santander, which is commandeered by Jose Antonio Alvarez.
New alternatives regulations free up AFP cash
November 29, 2017 by
Two of Chile's most experienced executives in the alternatives industry - Matias Eguiguren and Ricardo Morales - explained how the new investment regimen streamlines the handling of committed capital.
Chilean AFPs turn conservative in October, pour USD 958 million into money-market funds
November 21, 2017 by
Total Chilean AFP investments in mutual funds and ETFs rose USD 1.7 billion to reach USD 74.9 billion in October.
Allianz quenches AFPs’ thirst for foreign equities
November 21, 2017 by
Allianz, which distributes its products through Credicorp Capital in Santiago, had a great third quarter, with its Euroland Equity Growth attracting USD 430 million from Chilean pension funds.
