Raul Gallegos, who came to Credit Suisse when GE Capital exited the Mexican market, told Fund Pro Latin America that the latest fund is shooting for institutional investment of USD 500 million by the end of 2016.
Scotia Wealth in Mexico allocates USD 650 million to third parties
September 15, 2016 by
Open architecture allows newly branded Scotia Wealth Management to offer the best solutions to its affluent Mexican clients, said VP Jaime Montemayor.
Afore XXI-Banorte to proceed with Asian equity RFP
September 7, 2016 by
Afore XXI-Banorte's Sergio Mendez says the pension manager will proceed with its plan to launch an Asian equity mandate, first announced by Fund Pro Latin America in March of 2016.
BBVA Bancomer ‘Estrategias’ fund family exceeds growth expectations
July 22, 2016 by
The new fund family - which includes funds allocating to global managers - responds to client requests for protection from external shocks, reducing volatility and preserving capital, says BBVA investment strategist Victor Piña Piñero.
Invex adds third-party European fund to its private-banking platform
July 11, 2016 by
The boutique bank has included the EDM-advised fund on its third-party platform. The bank is encouraging its clients to diversify their portfolios, Jean Louis Guisset, director of Invex private banking business, told Fund Pro Latin America.
Scotia Wealth one of Mexico’s biggest promoters of third-party distribution
June 12, 2016 by
With its new brand Scotia Wealth Management, the Canadian firm manages (USD 9 billion) in Mexico, of which 7% is invested in third-party funds such as Compass Group and Black Rock.
Afore redemptions from foreign equities seen as natural response to volatility
June 8, 2016 by
Afores have moved to instruments with the most favorable risk-adjusted returns in light of global volatility in both interest and exchange rates, said Carlos Noriega, president of the AMAFORE.
Axa Investment Managers to launch local fund operation in Mexico
May 26, 2016 by
Led by Salvador Moreno Segura, AXA's staff also includes Salvador Galindo Cuspinera (formerly of the local operation of Sura Investment Management) as designer of fund portfolios and head of the local investment team.
Responding to calls for transparency, Consar provides more details on Afore investment strategies
May 26, 2016 by
In an interview with Fund Pro Latin America, the head of the Afore association defended the lack of access to pension fund portfolios, citing the competitive operating environment in which the Afores operate.
Afores scaled back their foreign exposure in the first quarter
May 13, 2016 by
Turbulence in the first quarter forced Afores to refocus their investment portfolios toward strategies that give them higher returns and minimize volatility, BlackRock's Juan Hernández told Fund Pro Latin America.
