Among the hires was sales consultant Denise Casellas, formerly with Sura Asset Management and Santander Asset Management.
Chilean regulator sets comment period for rules banning hedge funds from AFP portfolios
January 14, 2018 by
Amid concern from foreign distributors and managers, the Pensions Superintendency published a draft resolution on January 8 aimed at clarifying what types of hedge funds can be purchased by Chilean AFPs.
Allianz GI’s ‘performance fee’ funds charge investors only when beating benchmarks over 12 months
January 14, 2018 by
“Investors are demanding a new value proposition from active managers that proves their ability to deliver returns above the benchmark,” said Douglas Eu, CEO US for AllianzGI.
Drop in interest rates pushes Brazilian investors out of short-term funds
January 14, 2018 by
A drop in interest rates has provoked investors to diversify their allocations, with most moving a portion of their holdings to balanced and mixed funds.
Brazilian managers dust off BDR funds to meet clients’ demands for global diversification
January 13, 2018 by
Western Asset's Mauricio Lima notes that BDR funds are not subject to new, restrictive regulations on international fund investing, so institutional investors may continue to use them without restriction.
Boosted by AUM growth, JP Morgan to open Colombian office
January 9, 2018 by
Giacomo Grage, who until now has been working from JPM's Andean flagship in Santiago, will head the initiative in Bogota.
Andbank bids to be among Argentina’s first licensed global investment advisers
January 9, 2018 by
Andorran private bank Andbank, already active in Mexico and Brazil, wants to be operational in Argentina in the first half of 2018, said Carlos Moreno, the firm's head of the Americas.
New Afore investment regime opens door to cross-border funds
January 8, 2018 by
A full rewrite of the investment regime pushed along by Consar president Carlos Ramirez was published on Friday, Jan. 5 in the Official Bulletin. We provide initial details and a first read on the potential impact for cross-border firms.
Chilean AFPs couldn’t get enough Asian equity in November
January 4, 2018 by
The pension fund managers allocated USD 1.4 billion into Asia equity in November. Funds from Investec, UBS, Allianz, and NN gained as other regions rose as well. iShares increased the Chilean AUMs it manages to USD 8.3 billion.
ACAFI welcomes new alternatives regulations, but still sees pending issues
January 4, 2018 by
ACAFI chief Luis Alberto Letelier said attractive products and the hard work of local managers - not capital repatriation - have been the major driver for growth of the closed-end fund business in Chile.
