Initiative of the Mutual Fund Association seems like more of a political announcement than a project with a real future, sources told Fund Pro Latin America.
Funcesp seeks to hire global managers as overseas bets almost triple
March 26, 2015 by
International investments provided the pension fund’s best returns last year, at 15.4%, said chief investment officer Jorge Simino. Funcesp could potentially invest up to USD 900 million in cross-border vehicles, according to local regulation.
BlackRock expands institutional team in Brazil with new hire
March 19, 2015 by
Oliveira was previously part of the investment team of Towers Watson and also the funds of funds area of Banco Alpha de Investimentos. In addition, the executive served on the portfolio management team of Tendência Wealth Management.
AFP Protección: formalización del trabajo es un gran desafío
March 19, 2015 by
En el plano de las inversiones, debería seguir ampliándose la preferencia por ETFs sobre fondos activos.
HMC Itajubá to lead Bradesco’s Lux-fund distribution in Latin American markets
March 19, 2015 by
Bradesco's objective for Latin America is to use HMC Itajubá for distribution of the funds in almost all countries. said Luiz Osório Leão Filho, international business development manager at BRAM.
Investors plowed USD 500 million into Banamex’s line of international funds in 2014
March 19, 2015 by
Sergio Covarrubias, director of mutual funds at Grupo Financiero Banamex, spoke to Fund Pro about future plans for the international fund family, which already includes relationships with Franklin Templeton, BNP Paribas, BlackRock, and others.
Franklin: Change in Mexican investment culture must accompany open-architecture framework
March 19, 2015 by
Franklin's local director, Hugo Petricioli, said that while third-party fund platforms have existed for some years, the investment culture in Mexico has remained very narrowly focused on short-term fixed-income proprietary products sold by banks, and investors have not bothered to look around for alternatives.
AUM growth in hedge-fund sector favors already-large firms, says Deutsche Bank survey
March 19, 2015 by
“More and more, we’re seeing today’s hedge fund assets concentrated among the largest managers," said Barry Bausano, co-head of global prime finance at Deutsche Bank.
Sura sees many pluses in open-architecture scheme in Mexico
March 11, 2015 by
If an open-architecture scheme is implemented industry-wide, the winners of this opening will be the end clients, intermediaries and the fund industry itself, Luis Ortiz, director of Investment Management at Sura Mexico, told Fund Pro Latin America.
Fidelity asks: Are today’s emerging affluent investors millionaires in the making?
March 11, 2015 by
Fidelity Investments released results of its 7th Millionaire Outlook, which shows that emerging affluent investors are well positioned to attain – or even exceed – millionaire status. Most importantly, while these investors look very different than today’s millionaires, with more than two-thirds female and one-quarter non-white, they demonstrate many similar attitudes and behaviors.
