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.
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.
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.
Credicorp Capital: Institutionals will return to emerging markets
April 2, 2014 by
The firm believes there are no long-term fundamentals in favor of developed markets and that a change in asset allocation could take place by mid-year.
Fitch assigns a BBB+ rating to Sura Asset Management
April 2, 2014 by
SURA has a leading franchise in the mandatory pension fund business. With presence in six markets, a 23% regional market share, a customer base of over 16 million people and USD 113 billion of assets under management is the only mandatory pension fund manager with presence in the region’s top four markets (Mexico, Chile, Colombia and Peru).
Santander said to scoop up BNP’s Miami-based wealth unit
April 2, 2014 by
In a move sure to further boltster its standing as a major player in the Latin American wealth-management segment, Banco Santander is said to have purchased the USD 3 billion Miami private-banking portfolio of BNP Paribas.
LV Asset Management studying new registrations in Luxembourg
March 24, 2014 by
Along with other Chilean asset managers, Larrain doesn't see the point in doing locally-domiciled fund launches when the end client is a regional institutional investor. Registering in Luxembourg seems to make more sense for the additional doors it opens for smaller managers.
No surprise: Global allocators shift to a “risk-off” position amid geopolitical uncertainty
March 19, 2014 by
The survey found that sentiment towards global emerging markets is close to reaching a low and that improvement is in sight. The proportion of global asset allocators underweighting emerging-market equities has risen two percentage points month-on-month to a net 31% – a new record low.
Gardener tapped to head up AXA’s newly-formed Institutional Client Group
March 19, 2014 by
Gardener, who was global CIO of Mercer before joining AXA, will lead the development of the firm's offering and approach to institutional clients, including insurance companies, pension funds, and sovereign wealth funds.
BNP to help AXA IM make inroads in Latam wealth space
March 14, 2014 by
Axa IM is keeping up with the growing trend of fund managers seeking to widen their distribution the Latin American region. This step is part of the ongoing efforts of the asset manager - already an important player in the Chilean institutional space - to expand its geographical footprint and break into other business segments.
