AQR planted stakes in Chile in the second half of 2015, when it successfully registered two funds with the Risk Rating Commission.
Managers upbeat on new investment regulations for Peruvian insurers
April 8, 2016 by
Insurers' new ability to allocate a portion of their technical reserves in funds investing in real estate, infrastructure projects, receivables, leasing operations, factoring operations, and private equity pleased Daniel Dancourt, CEO of HMC Capital in Peru.
Miami office of Morgan Stanley hooks trio from UBS
April 8, 2016 by
A Coral Gables-based UBS team that oversaw about USD 1 billion in client assets left to join Morgan Stanley in Miami, according to market sources.
Mexican Afores suffered a small drop in profits in 2015
April 8, 2016 by
Mexico's 11 Afore private-pension managers recorded net income of MXN 8.9 million (USD 516 million) in 2015, a 2% decline in local currency terms. Fee-based revenues of the managers were MXN 26.8 billion (USD 1.5 billion), an increase of roughly 5% for the year.
Panama’s checkered past revived in face of document leak
April 8, 2016 by
The leak of 11 million documents from the Panamanian law firm Mossack Fonseca, spanning over 40 years, has unfortunately and perhaps unjustifiably put Panama back in the spotlight as a haven for money laundering and tax avoidance.
Afore XXI Banorte lines up three more mandates, including Asian equities and commodities
March 30, 2016 by
With these three mandates, the country's largest Afore plans to increase its international investments up to 9% of its total assets under management - just over USD 3.2 billion out of a total of USD 36.4 billion managed, said Ignacio Saldaña, investment director.
Brazil’s SulAmérica ups institutional cross-border offering with new feeder
March 30, 2016 by
SulAmérica's team visited more than 20 global managers in a qualitative and quantitative process that culminated in the choice of ABS Investment Mgt., a specialist in global equity long/short products, said Marcelo Mello, CEO at SulAmerica Investimentos.
Colombian AFPs redeemed positions in December in face of global equity downturn
March 30, 2016 by
A double-whammy of poor performance and redemptions by Colombian AFPs from positions in North America, Europe, Japan and emerging markets left global sponsors reeling in the final month of 2015.
State Street buys GE Asset Management to push into alternatives
March 30, 2016 by
The USD 485 million deal “will bring new alternatives capabilities in direct private equity and real estate,” said Ron O’Hanley, who heads State Street’s asset management unit.
Mobius steps aside as head of Templeton Emerging Markets Group
March 30, 2016 by
Mark Mobius is to hand over the day-to-day management of Templeton Emerging Markets Group, as the company’s US-based parent, Franklin Templeton, brings under one umbrella its emerging markets divisions.
