The total capital committed by the private equity and venture capital industry in Brazil rose to BRL 100.2 billion (USD 42.4 billion) at the end of December.
RBC says it will exit Chile and maintain long-distance relationships with Latin clients
April 21, 2014 by
In a move that seems prescient in retrospect, RBC was one of the few global firms that seemed eager to attack Latin America when most global firms seemed crippled by the 2008 recession and the losses racked up when the real-estate bubble burst and commodities prices sank. For some years, it stood nearly alone, adding resources and arguably was among the entities that most capitalized on the boom in wealth generation in Latin America.
DNA of Banorte and Ixe survives in merged wealth-management unit
April 21, 2014 by
The USD 1.3 billion merger of Grupo Financiero Banorte with Banco Ixe in 2011 fused together two complementary wealth management areas, according to Luis Pietrini, director of Wealth Management at Grupo Financiero Banorte-Ixe.
Carlyle names Jeff Holland head of Private Client Group
April 14, 2014 by
Holland's group will in part focus on arrangements with bank feeder funds and other financial advisors through which high-net-worth and other qualified individuals may gain access to a range of Carlyle alternative asset products.
Six WisdomTree ETFs get CONSAR approval
April 14, 2014 by
According to Latin Asset Management estimates, Mexican Pension Managers (Afores) have around USD 12 billion invested in cross-border ETFs listed on the Mexican Stock Exchange (BMV).
TIAA-CREF buys Nuveen Investments for USD 6.25 billion
April 14, 2014 by
TIAA-CREF will add USD 221 billion in assets, bringing its funds under management to about USD 800 billion. Both TIAA-CREF and Nuveen have small positions in the Latin American institutional business, though Nuveen is a much more visible brand in wealth-management circles.
Banamex funds European mandate to Schroders; Pioneer next in line
April 10, 2014 by
Banamex's second separate-account mandate was awarded to Schroders, BlackRock, BNP Paribas, Pioneer Investments and Franklin Templeton. The other firms have not received funding to date, but funding to Pioneer is said to be next and is pending regulatory approval. Schroder is now managing USD 900 million from Afore Banamex.
Actinver launches on BMV first fundamentals-based ETF
April 10, 2014 by
The new ETF, called SMARTRAC, will replicate the BURSAOPTIMO index and complements Actinver's Smartshares family composed by the AngelD and DIABLOI ETFs.
Compass Group tapped to manage Investec Mexico fund
April 10, 2014 by
The fund will be managed by the US-based Compass Group, which specializes in Latin America. Compass also runs Investec’s Latin American Corporate Debt, Latin American Equity, and Latin American Smaller Companies funds.
BTG Pactual strengthens fund platform in Chile and Luxembourg
April 9, 2014 by
The asset manager will continue to develop closed-end funds in both domiciles, as a way of diversifying the investor base - a benefit to Pactual and to the investors themselves, argues Rodrigo Nader, CEO of Asset Management of BTG Pactual Chile.
