Credicorp is launching Cayman- and Luxembourg-domiciled funds in the equity and debt markets. The Condor Equity Fund invest exclusively in MILA, while the Latin American Corporate Debt Fund seeks to invest 40 to 60 percent in MILA and the remainder in Mexico and Brazil primarily. Meanwhile, it is in the fundraising period for its Peru Real Estate Fund and its Colombian Real Estate Construction Fund, which offer investors access to MILA’s developing real estate sector.
Partners Group plants flag in Houston to focus on private energy plays in US and Latam
August 26, 2014 by
The firm said the opening underscores its interest in the US energy sector and shows that it remains positive on Latin America, "despite recent negative investor sentiment surrounding emerging markets."
SLV pricing source changes following suspension of London Silver Fix
August 23, 2014 by
The pricing source of the iShares Silver Trust (SLV), which aims to replicate the performance of the price of silver, was changed Aug. 15 to the “London Silver Price,” and will be administered by CME Group Inc. and Thomson Reuters. The ETF is popular among Latin institutions.
Peru’s AFPs can now invest up to 20% in alternatives
August 15, 2014 by
AFPs can now invest up to 15% of their type 2 moderate portfolios and 20% of their type 3 aggressive portfolios in alternatives, without weighing against the overall equity limit. The previous limit was a scant 3%, and was being fully utilized.
Fitch assigns Bci Asset Management highest standards rating
August 15, 2014 by
The rating reflects Fitch's view that the company's investment platform and operating framework are superior relative to the standards applied by global institutional investors.
Deutsche retires DWS brand in Americas, renames retail product suite
August 15, 2014 by
The change affects all open-end funds, closed-end funds, the variable insurance portfolios, and exchange-traded funds.
Details of AFP minimum-return proposal nearing release
August 8, 2014 by
The proposal aims to stimulate greater portfolio diversification by AFPs, whose investments are currently concentrated in domestic public debt and local equity, by increasing exposure to foreign assets.
BBVA Bancomer opens new UHN unit for high net worth clients
August 8, 2014 by
Bancomer UHN is the first office of its kind in Mexico and the world, combining products and services for family offices and high net-worth investors, with the backing of a global bank. This year Bancomer will open similar offices in the Mexican cities of Monterrey and Guadalajara.
BNP Paribas names new sales manager for Mexican institutional clients
August 1, 2014 by
After almost six years leading the institutional sales team at Compass Group in Mexico, in June Palacio took over responsibility for identifying the needs of the institutional clients of BNP Paribas Investment Partners and designing tailor-made investment solutions.
JP Morgan institutional head charts diversification strategy by country and client
August 1, 2014 by
Juan Pablo Soffia told Fund Pro Latin America that the firm seeks to replicate its results with Chilean pension funds in Peru and Colombia, while also expanding the client base to other institutions, such as mutual fund managers and private banks in the three countries.
