The brokerage firm and fund distributor is growing not only in Brazil but also in the US, where it will probably double headcount this year to about 90 people, with half in Miami and the other half in New York, says CEO Guilherme Benchimol.
EFG Chile taps veteran Tomás Espinosa as CIO
April 19, 2016 by
The Chilean office of the Swiss firm will offer investment-advisory and asset-management services for institutional, corporate and private investors, with a wide range of international funds, both alternative and traditional.
Principal Financial has new CEO in Mexico
April 15, 2016 by
Llaneza took over in April, replacing Alejandro Elizondo who became vice-president and CEO of Principal Financial International based in Iowa.
Sura Mexico makes larger play for affluent business
April 15, 2016 by
Sura's "High-Net-Worth Plus" segment aims to attract clients based in part on personalized attention and access to international strategies, says Luis Ortiz, CEO of the voluntary business at Sura Mexico.
Brazilian equity funds enjoy best month since 2002
April 15, 2016 by
The Brazilian stock market appreciated strongly in March, with the Ibovespa moving up by 16.97%, the highest monthly upturn since October 2002, helping Brazilian equity funds post some hefty gains.
Brazil’s Itaú eyes Citigroup’s Latin American operations
April 15, 2016 by
An acquisition of Citi's chain of banks in Latin America would help Itaú reduce its dependence on Brazil, acknowledged the firm's Ricardo Villela Marino, head of Latam operations.
BlackRock: Institutional investors increasingly embrace factor investing
April 15, 2016 by
Factor investing holds that the risks and returns of all investments, no matter how nominally diverse, can be mapped to a set of common factors. BlackRock's Mark McCombe says investors increasingly believe that factor strategies can drive enhanced performance.
Survey finds that family offices in Chile invest nearly half of assets offshore
April 13, 2016 by
Cristián Moreno, partner of Ameris Capital, said that 42% of family offices surveyed want to increase their exposure to foreign assets, 43.5% want to keep their current allocation and only 14.1% want to increase exposure to Chile.
Mexican companies again look to fund their pensions despite loss of tax benefit
April 8, 2016 by
Old Mutual has seen a 20% fall in its private-pension business due to the removal of a tax break for plan sponsors, said Alberto Baigts, commercial director of institutional business in Mexico.
US and Asian equity managers again pounded by Chilean AFPs
April 8, 2016 by
Chilean AFPs pulled investments in February from Asian and North American equities, as well as from high-yield bonds, in moves that hurt funds and ETFs like iShares Core S&P 500, Financial Select Sector SPDR, Investec Asian Equity and Axa US High Yield Bonds.
