The downgraded outlook reflects a change in Fitch's view on BTG's acquisition of BSI, a private bank headquartered in Switzerland, due to the significant deterioration in Brazil's operating environment.
Aberdeen continues US expansion with Arden buy
August 16, 2015 by
"Institutional investors are looking to hedge fund solutions to offer risk-return profiles not available via mainstream strategies and traditional asset classes," said Aberdeen's chief executive officer, Martin Gilbert.
Merrill sets USD 2.5 million as minimum for new Latin accounts
August 16, 2015 by
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
August 6, 2015 by
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
July 28, 2015 by
“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
July 24, 2015 by
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
July 15, 2015 by
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
July 15, 2015 by
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
July 15, 2015 by
"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
June 11, 2015 by
Michelle Trilli will be responsible for managing the sales and distribution activity of the international business in the Northeast region of the US.
