A total of 19 products were added in January to the list of approved instruments to receive investments from Chilean Pension Managers (AFPs). Petercam, Highland Funds, AZ Multi Asset, MAN-GLG, Invesco, PIMCO and Pictet were among the managers registering products.
Distributors are hopeful that Colombian regulator’s proposed changes will stick
January 28, 2016 by
Daniel Navajas of Compass Group viewed positively the proposed changes, which include increased access to alternatives, investment in high-yield bond funds and hedge funds, and AFP access to cross-border funds that might have a shareholder owning more than 10%.
Chilean AFPs boosted European equity holdings in December while fleeing from high-yield bonds
January 28, 2016 by
December was tough on funds of AXA and BTG Pactual, while Deutsche and Henderson benefited from investment in Europe and PIMCO and JPM took advantage of AFP interest in low volatility fixed-income products.
BlackRock loses top executive at Brazilian office
January 28, 2016 by
A replacement has not yet been named for Bruno Stein, who played a key role in getting iShares listed on the local exchange and also pioneered in landing the first Brazilian pension allocations in cross-border funds.
Itaú shopping for private-banking operations in Argentina and Mexico
January 28, 2016 by
Argentina and Mexico are the markets Itaú is considering for expansion, according to Ricardo Villela Marino, executive vice president and board member of the Brazilian behemoth.
Ex-Pinebridge manager Rafael Mendoza takes charge of Investec’s GSF Latin American Equity fund
January 28, 2016 by
Compass Group's Carina Güerisoli, who previously ran the fund, will continue to run Investec's Latin American Smaller Companies fund.
Man GLG hires emerging-market-debt pro for US discretionary team
January 28, 2016 by
Guillermo Ossés brings a 24-year resume to GLG, following previous positions with HSBC, Pimco, Barclays and Deutsche.
Report: Latam Offshore market strengthens while US Offshore increasingly Miami-centric
January 21, 2016 by
“According to our estimates, the overall size of the three asset-gathering segments stands at USD 105 billion, with the US offshore segment accounting for more than half of the total at USD 56 billion,” said Thomas Ciampi, founder and director of Latin Asset Management.
Colombian AFPs load up on Europe; make shy return into emerging markets
January 21, 2016 by
Colombian AFPs sharply increased their investment into Europe in October, while posting positive funds into emerging markets for the first time since May. These moves benefited managers like Vanguard, iShares and Deutsche but hurt others like State Street.
Picton head favors direct AFP investment in alternatives
January 21, 2016 by
The tax benefits of local feeders still make sense for insurers and family offices, says Matías Eguiguren of Picton Advisors. But allowing the tax-exempt pension funds to invest directly offshore "would give them the opportunity to differentiate themselves."
