The fund aims to bring the excess return relative to the alpha generated in international markets and translate it into Reais. "The goal is that the fund generate returns of CDI plus 5.5% or 6%," explained Marcus Vinicius Goncalves (picture), representative of Franklin Templeton in Brazil.
Fidelity shifts executive from Brazil to Chile, looks to grow in Andean region
October 10, 2014 by
Pablo Anabitarte (photo) said Fidelity will continue to work with Econsult in Chile and Peru, while the rest of the region will be served directly by Fidelity from the Santiago office, possibly with local partnerships in some countries.
Honorato & Delaveau law firm seeks to expand asset-manager client base
October 10, 2014 by
The firm strengthened its team with economist Carolina Philipps (pictured), formerly with the CCR.
Patria Investimentos to open Colombian private-equity shop
October 10, 2014 by
The firm, which is backed by Blackstone, has announced that it will open an office in Colombia and investment of up to USD 500 million.
BNP Paribas names Brazilian president in effort to accelerate growth
October 10, 2014 by
Sandrine Ferdane is replacing Louis Bazire as president of the Brazilian unit. Bazire will continue as head of Latin America.
Banamex CEO steps aside in wake of scandal
October 10, 2014 by
Javier Arrigunaga, the bank’s chief executive, is stepping down “in light of the difficult challenges our franchise in Mexico has faced over the past year,” Banamex chairman Manuel Medina-Mora announced.
Fidelity’s Latam expert takes charge of new emerging-market fund
October 10, 2014 by
The Luxembourg-domiciled Fidelity Funds – Emerging Market Focus fund was formally launched on September 29. Alex Duffy was named portfolio manager.
Unicredit considers sale of Pioneer Investments to Santander
September 30, 2014 by
The potential deal would see Santander Asset Management and Pioneer Investments merged into an entity which would have around USD 440 billion in assets under management.
Allianz and Votorantim team up to launch FoF targeted to Brazilian pensions
September 30, 2014 by
The local feeder focusing on European equity starts with seed capital of USD 8 million, three quarters of which was put up by Allianz. The fund's biggest selling point is its avoidance of markets in the US, where most early launches have tended to target.
Bill Gross quits PIMCO to join Janus Capital
September 30, 2014 by
Gross's first day on the job at Janus was Sept. 29. He will begin managing the Janus Global Unconstrained Bond fund and related strategies beginning October 6, Janus said.
