Local domiciled private-equity funds are enjoying strong growth just as the regulator is proposing increased limits on AFP investments in alternatives.
Openfunds billed as new global standard for fund data interchange
July 14, 2016 by
"Openfunds," developed jointly by UBS, Credit Suisse, Julius Baer, Fundinfo AG and others, provides a widely accepted standard for efficient fund data transmission, says Michael Partin, Openfunds committee member and CIO of Fundinfo.
Chilean AFPs and distributors await regulator pronouncement on alternatives
June 24, 2016 by
Authorities are considering an update to AFP investment rules similar to those adopted in Peru and Chile, which have greatly promoted the use of alternatives, especially private equity funds.
Chilean AFPs bolt from global equity May
June 24, 2016 by
AFPs cut their positions in May from over two dozen Asia-oriented funds and ETFs, while also trimming their exposure to Japanese, North American and European equity, leading to a net redemption of USD 1.9 billion in the fifth straight month of equity outflows.
Ground shifting rapidly in Chilean distribution landscape
June 23, 2016 by
The institutional-distribution division of BTG Pactual was recently taken over by Danny Aballay, who is tasked with rebuilding the unit after the flight of several of its cross-border clients. His promotion was one of several in the Chilean market.
Institutional risk-management strategies need urgent overhaul, finds AllianzGI RiskMonitor
June 23, 2016 by
Neil Dwane, global strategist at AllianzGI said that that two-thirds of institutions are calling for innovative new strategies to help balance risk-return trade-offs, provide greater downside protection and replace traditional approaches to risk management.
Morgan Stanley opens third Miami office dedicated to Latin American wealth management
June 23, 2016 by
James Jesse, head of International Wealth Management, said he considers the "meeting the offshore-wealth-management needs of Latin American clients" to be a significant growth opportunity. Most of the 22 advisors at the new office are former Credit Suisse employees.
BNP Securities Services launches locally in Peru
June 23, 2016 by
“We are committed to the Latin American region where we have been expanding our network and developing a strong local know-how. Peru is an exciting addition," said Alvaro Camuñas, head of BNP Paribas Securities Services Spain and Latin America.
iShares bears the brunt of Colombian AFP portfolio reshuffling
June 23, 2016 by
The AFPs redeemed USD 522 million from iShares ETFs in February and USD 548 million in January, as allocations to the US and Europe were sharply reduced.
Brazil agency clears way for Bradesco’s takeover of HSBC
June 23, 2016 by
An OK from Brazil's Administrative Council for Economic Defense has cleared the way for Banco Bradesco to complete its takeover of HSBC in the country, with the firms setting a final transaction date of early July.
