"We have emphasized repeatedly their advantages and [cross-border funds] are a proven option; Peru, Chile and Colombia use them and capitalize on them," said Carlos Noriega, president of the local Afore trade group (Amafore).
Afores: Cross-border funds are the logical alternative to cumbersome mandate process
December 7, 2015 by
Brazilian pension execs visit London to discuss global investing with three top managers
December 7, 2015 by
Columbia Threadneedle, Aberdeen and Investec hosted a delegation of seven Brazilian pension fund officials as part of a week-long seminar. "With Brazil experiencing a sharp slowdown, it has become clear that there is a need to diversify away from the local market," said Joseph Sweigart, senior institutional sales director at Columbia Threadneedle.
Esteves arrest could be final nail in coffin of BTG’s Chilean fund distribution business
November 25, 2015 by
BTG, already faced with the desertion of three international fund managers over the span of a year, as well as two key executives, will now face scrutiny from its remaining global clients over the corruption-related arrest of its CEO in Brazil.
Retirement funds in Brazil empowered to invest more in equity, infrastructure and foreign instruments
November 23, 2015 by
Resolution 4444 gives the USD 170 billion open pension system in Brazil some needed flexibility, and aligns the industry more closely with the investment regime of corporate pension plans. "In general, this is very positive," said Marcelo Mello, vice-president at SulAmérica Investimentos.
BBVA Bancomer, Morgan Stanley team to launch global multi-strategy fund in Mexico
November 23, 2015 by
The new vehicle joins six other international funds on the platform of BBVA Bancomer, which has already signed subadvisory deals with global firms BlackRock, Franklin Templeton and Pioneer Investments.
Blackstone appoints senior advisor to scope out Mexican opportunities
November 23, 2015 by
Blackstone has hired Isauro Alfaro, co-founder of Alfaro, Dávila y Ríos SC, a leading independent and restructuring advisory firm in Mexico. Before founding ADR, he worked as managing director and head of Credit Suisse Mexico.
BofA Merrill: Investors regained risk appetite in October
November 23, 2015 by
With growth and inflation expectations notably higher after new US payroll data, investors have cut cash holdings and increased exposure to equities, real estate and alternative investments. Confidence in the global economy also rebounded, up 22 percentage points from October.
Credit Suisse appoints new LatAm wealth management head
November 23, 2015 by
In October, Credit Suisse announced it would close its domestic US private bank as part of wider plans to slim down the business and increase their presence in markets like Latin America and Asia. The Latin American unit will be led by Ignacio Martos.
Chilean AFP portfolios reflect optimism on Europe and Japan
November 19, 2015 by
The AFPs made new investments worth USD 1.8 billion into European equity and USD 966 million to Japanese equity in the August-October period. The shift has helped move funds from Julius Baer, Henderson and Deutsche into the top-10 list of Chilean AFP holdings.
Rumors swirl in Chile over possible Aberdeen-BTG breakup
November 13, 2015 by
As BTG attempts to rebuild its global-fund distribution team, it faces the defection of not only Columbia Threadneedle but also Aberdeen, which at one time had gathered nearly USD 6 billion from Chilean AFPs.
