On Friday, September 27th, Cuatro Torres Capital will host a networking breakfast and seminars in Itaim Bibi, Sao Paulo.
Tracking the Activities of Global Asset Managers in Latin America
On Friday, September 27th, Cuatro Torres Capital will host a networking breakfast and seminars in Itaim Bibi, Sao Paulo.
Allocations to global funds have been a highlight in the profitability of plans managed by Petrobras's pension arm, accumulating a growth of nearly 23% in the first eight months of 2024.
“Private assets are one of the fastest growing sectors of the financial industry. We are excited to be working with Apollo, a global leader in alternative assets, to continue to increase accessibility to private markets, opening them to an even larger cross section of investors,” said Ron O’Hanley, president and chief executive officer of State Street.
The pension reform to be enacted by the Executive allows new players to enter the sector in a bid to promote competition and reduce fees.
Janus Henderson, Fidelity, Lazard, Muzinich, HarbourVest, Kohlberg & Co, Nautic and PSG Equity were the fund sponsors gaining approval for new products in August.
Higher limits for pension fund investment in this asset class is one of the key factors for industry optimism. “A more stable economy and policy leads to more investment, especially in alternative assets”, said Daniel Mueller, partner at Alpine Capital.
The transaction will allow Amundi to strengthen its presence in the US via a larger US investment and distribution platform, said Valérie Baudson, Chief Executive Officer of Amundi.
The mechanism is included in the pension reform but there are a range of proposals on what form it should take.
A total of 19 products were added in the month from nine different asset managers: BNP Paribas, BNY Mellon, Fidelity, First Sentier, Franklin Templeton, LarrainVial, PIMCO, Summit Partners and UBS.
ETFs emerge as one of the main alternatives for investors to diversify their portfolios internationally. "Customers have understood the power of diversification, seeking investment alternatives that are not reflected in the local market, and also diversifying in currency, as ETF BDRs have exposure to the dollar," said Paula Salamonde, director of the Institutional segment and iShares ETF at BlackRock Brasil.
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