The transaction will substantially increase Azimut's AUM in Brazil, to USD 1.2 billion. Together, the companies will form the joint venture AZ Quest, deepening Azimut's product offering and increasing its team of professionals by more than a third.
PIMCO hires Ben Bernanke as senior adviser
May 5, 2015 by
Bernanke, who stepped down from the Fed in 2014, will add his economic insights to the firm’s investment process.
Brazilian asset manager Gávea in talks to buy back control from JP Morgan
May 5, 2015 by
Gávea was co-founded in 2003 by Arminio Fraga, the former head of Brazil’s central bank. Gávea had BRL 18.1 billion (USD 5.8 billion) in assets under management as of February, according to Latin Asset Management.
2014 marked the return of Morgan Stanley in Chile
May 5, 2015 by
Driven by a stepped-up marketing effort by local distributor Picton Advisors, investments by Chilean AFPs in the US-based manager grew from USD 26 million to USD 736 million.
Duffy steps down as manager of Fidelity Latin America fund
April 24, 2015 by
Oversight of the fund, in which Chilean AFPs invest USD 285 million, has been handed off to co-manager Angel Ortiz. Duffy (pictured) will now manage Fidelity's Emerging Market Focus fund, which was launched for him in September 2014.
Natixis Global to wholesale via Montevideo, heart of wealth management in Southern Cone
April 24, 2015 by
Sophie del Campo, general manager of Iberia and head of Latin America for Natixis Global, said the new office "reflects our strong commitment to the local and regional markets and our continued commitment to Latin America.”
Name change to NN Investment Partners doesn’t alter ING model in region
April 24, 2015 by
"We are now NN Investment Partners, but we are still the same people with the same commitment, the same strategies and the same investment philosophy," said Jaime Rodríguez Pato, CEO of NN Investment Partners Iberia & Latin America.
BNP Paribas delves into alternative investments in Brazil
April 24, 2015 by
President of BNP Paribas AM, Luiz Sorge (photo), predicted that the new area will come to represent between 5% and 10% of overall AUM.
Santander Asset Management will be known as Pioneer Investments after pending merger
April 24, 2015 by
Of interest to market observers is how Santander Asset Management's Latin American fund operations will be impacted, considering that these units are attached at the hip to their related retail banking operations, on which the asset manager depends for distribution.
AFP Integra applauds raising of international investment limit in Peru
April 17, 2015 by
Raising the international investment limit to 42% "has been very positive for our system," said Jorge Ramos, CEO of Sura Peru - AFP Integra. "It has allowed us to diversify our investments and achieve positive real returns in all our funds despite the very negative performance of the local stock market."
