Investors residing in some countries - including Venezuela and Argentina - will need to have at least USD 5 million to open an account.
Pension association suggests allowing smaller Afores to invest in cross-border funds
August 6, 2015 by
"This possibility would an interesting revolution for active managers, especially for smaller Afores, which find the cost of mandates beyond their means," said Carlos Noriega, president of Amafore.
CCR Monthly Approval Report – July 2015
August 6, 2015 by
A global ETF brand registered nine new ETFs in the month, all of them UCITs products, while Invesco, F&C, Goldman Sachs and Van Eck each won approval for one of their own.
Goldman Sachs looks for growth in private-client segment in Chile
August 6, 2015 by
The manager is expected to close distribution agreements with a handful of local private banks by the end of the year.
Bradesco ponies up USD 5.2 billion for HSBC’s Brazilian operation
August 6, 2015 by
The deal includes HSBC's local fund management operation, worth USD 26 billion, helping Bradesco surpass Itaú in the Brazilian asset manager ranking.
Henderson appoints new US offshore sales manager for Miami
August 6, 2015 by
Maria Eugenia Córdova joins Henderson after spending roughly two years each in sales posts at Aberdeen Asset Management and Franklin Templeton in South Florida.
Gávea founders reach deal to buy back Brazilian firm from JP Morgan
August 6, 2015 by
Gávea will keep its hedge funds and private-equity funds, which are the firm’s core businesses. Equity funds and real-estate funds will likely stay with JP Morgan, which operates as a local asset manager in Brazil.
Fóndika AUMs grow 16.2% with purchase of Zurich platform
August 6, 2015 by
While Fóndika currently distributes the local and international funds of 10 managers, CEO Juan Carlos Pelayo noted that new regulations will allow the platform to commercialize any publicly offered Mexican funds it finds interesting.
Picton poaches Baring Asset Management from BTG Pactual
July 28, 2015 by
Baring had previously distributed its funds via Celfin Capital, which was purchased by BTG Pactual. With the help of Picton and Matías Eguiguren, the firm seeks to compete for allocations in Europe, Asia and emerging markets.
AGFs have not yet assimilated new supplementary activities
July 28, 2015 by
This new regulation authorizes supplementary activities for companies that manage mutual funds and closed-end investment funds, including managing and distributing shares of foreign funds and providing investment advisory services to local firms.
