Investors residing in some countries - including Venezuela and Argentina - will need to have at least USD 5 million to open an account.
Henderson appoints new US offshore sales manager for Miami
Maria Eugenia Córdova joins Henderson after spending roughly two years each in sales posts at Aberdeen Asset Management and Franklin Templeton in South Florida.
BofA Merrill survey: Investors hoard cash as confidence in China wanes
“Rising risk aversion and stretched cash levels provide a contrarian buy signal for risk assets in Q3,” said Michael Hartnett, chief investment strategist at BofA Merrill Lynch Global Research.
Strong VC performance drives jump in State Street’s GX Private Equity Index
Venture capital was the best performing private equity strategy with a return of 3.87% in the quarter. However, Will Kinlaw, head of State Street Associates, warned that fund distributions are outpacing capital draws over the last 33 months. Limited partners may be at a loss on whether to reinvest these assets in private equity.
Ileana Salas to head global institutional sales at Santander AM
Salas will help build relationships with sovereign wealth funds, pension plans, investment consultants, corporates, insurers, wholesale clients and family offices.
Mark Mobius to step aside as lead manager of Templeton Emerging Markets trust
His replacement, Carlos Hardenberg, who has been part of Templeton's emerging markets team for 13 years, will relocate to London as part of the reorganization, effective October 1.
MFS: Investors will turn to active strategies should volatility crank up
"At some point, we will see additional volatility and that creates opportunity for active managers to identify risks and generate alpha," said Joe Flaherty, chief investment risk officer at MFS Investment Management.
Pioneer adds Trilli to US-based offshore distribution team
Michelle Trilli will be responsible for managing the sales and distribution activity of the international business in the Northeast region of the US.
Deutsche adds star ex-JP Morgan private banker to Miami UHNW team
Deutsche AWM announced that Oti Roberts joined the private bank as a managing director and senior private banker, along with senior investment advisor, Freddy Menjivar, and associate banker, Scott Shuffield.
Capital Strategies gathers USD 1 billion in Latam for boutique global managers
From its office in Lima, the firm distributes the funds of several boutique fund managers, mostly to institutional investors, family offices and wealth managers in Chile, Peru and Colombia, said Nicolás Lasarte, director of Capital Strategies Latam.